Allied Irish Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Allied Irish Bank’s changes. Even though using the software is not a condition for acceptance on the Allied Irish Bank panel, demonstrating you can stay up to date with Allied Irish Bank’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Allied Irish Bank

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Allied Irish Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Allied Irish Bank has made 176 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 15.5 days. In total, 51% of the sections of P2 of the UK Finance Lenders’ Handbook for Allied Irish Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
14.2.1 20/10/2016 CML
16.4.2 20/10/2016 CML
5.14.11 20/10/2016 CML Defective Lease Indemnity Insurance
5.8.1 20/10/2016 CML
5.10.1 20/10/2016 CML
6.6.2 20/10/2016 CML
6.9.1 20/10/2016 CML Unknown Rights and Easements Indemnity Insurance
5.20.3 20/10/2016 CML
5.7.1c 20/10/2016 CML Flying Freehold Indemnity Insurance
14.1.5 20/10/2016 CML

Last update 10/01/2019

Q and A’s regarding the Allied Irish Bank Solicitor Panel from members of the public

My husband and I are novices when it comes to buying a property. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Allied Irish Bank have this evening contacted us to inform me that they have now hit a problem as our solicitor is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact Allied Irish Bank and see if they can apply for membership of the Allied Irish Bank conveyancing panel, but if that is not viable Allied Irish Bank will instruct their own lawyers to represent them. You don't have to instruct a firm on the Allied Irish Bank conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.

Our conveyancer has identified a defect with the lease for the property we are purchasing. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that as he is on the Allied Irish Bank conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is Allied Irish Bank?
Just because you have a mortgage offer from Allied Irish Bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Allied Irish Bank are the client. The appropriate lender requirements have to be complied with by the Allied Irish Bank conveyancing panel who has to balance acting for you and Allied Irish Bank
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Allied Irish Bank solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My solicitors in Leeds have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Allied Irish Bank. Is it case that being on the Allied Irish Bank conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Allied Irish Bank Conveyancing Panel Terms. It might be worth you contacting Allied Irish Bank directly.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Allied Irish Bank conveyancing panel requirements are different to Allied Irish Bank’s conveyancing panel criteria.
We have had an offer accepted on a flat I spoke to a conveyancer recommended by my mum and he suggested retaining a property lawyers approved by Allied Irish Bank. The estate agent recommended two local firms so I asked Allied Irish Bank if the 2 suggested solicitors are approved, which they are not. Allied Irish Bank suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Allied Irish Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Allied Irish Bank for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Allied Irish Bank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Allied Irish Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Allied Irish Bank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I am currently in the process of buying my council flat. I have a mortgage offer with Allied Irish Bank. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Allied Irish Bank you will need to appoint a solicitor on the Allied Irish Bank conveyancing panel.