Q and A’s regarding the Allied Irish Bank Solicitor Panel from members of the public
I instructed a firm of solicitors to work on my purchase 4 weeks ago having applied for a mortgage with Allied Irish Bank. The firm assured me that they are on Allied Irish Bank conveyancing panel and advised me their panel reference. Allied Irish Bank then told me that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the conveyancing panel for Allied Irish Bank?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Allied Irish Bank conveyancing panel You may wish to enlist the help of your broker to check with the Allied Irish Bank as to how long they think it will take to get the firm to get back on the panel.
Can you help?. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Allied Irish Bank was issued random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor has advised that as she is on the Allied Irish Bank conveyancing panel she needs to reorder the searches as they are no longer valid.
One of the many conditions to being on the Allied Irish Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Allied Irish Bank)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Allied Irish Bank.
Do all the licensed conveyancers and solicitor practices listed on your directory 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.
We're in Wales, First timers purchasing with a mortgage (lender is Allied Irish Bank , but our lawyer is on the Allied Irish Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Allied Irish Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
We were going to get a DIP from Allied Irish Bank this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Allied Irish Bank recommend a solicitor on the Allied Irish Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Allied Irish Bank conveyancing panel. The solicitor represents both you and the Allied Irish Bank through the process.
I have agreed a price on a flat I spoke to a lawyer previously used by my uncle and he recommended instructing a law firm 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.
My offer was accepted on an apartment on the 6th January 2014, valuation was booked 4 days later, received a clean bill of health. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Allied Irish Bank and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Allied Irish Bank conveyancing panel. Are Allied Irish Bank entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Allied Irish Bank to deal with your lawyers application to be on the Allied Irish Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.