Allied Irish Bank Conveyancing Lender Panel Compliance Tool

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COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Allied Irish Bank’s changes. Even though utilising COMPLETIONmonitor is not a condition for being on the Allied Irish Bank panel, demonstrating you can remain up to date with Allied Irish Bank’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel status.

The software creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Allied Irish Bank

Lenders often change 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, frequently:

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,

Allied Irish Bank Conveyancing Panel Recently Asked Questions from members of the public

My property lawyer has never been on on the Allied Irish Bank Approved Panel. Can I still continue with my preferred solicitor even though they are excluded from the Allied Irish Bank panel of approved conveyancing solicitors?
The most common options here are as follows:
  1. Carry on with your preferred lawyers but Allied Irish Bank will need to instruct a lawyer on the Allied Irish Bank conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Allied Irish Bank conveyancing panel.
  3. Urge your lawyer to apply to join the Allied Irish Bank lender panel
Can you clarify something for me?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Allied Irish Bank was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor says that as she is on the Allied Irish Bank conveyancing panel she needs to redo the searches as they are no longer acceptable to the lender.
One of the many conditions to being on the Allied Irish Bank approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Allied Irish Bank)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Allied Irish Bank.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Allied Irish Bank conveyancing panel. My lawyer has said that they are on the Allied Irish Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Allied Irish Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Allied Irish Bank solicitor panel.
I was due to complete on my first house last Thursday. My lawyer’s firm is on the Allied Irish Bank conveyancing panel but has moved offices in the past couple of months and had not informed Allied Irish Bank of their new address. Allied Irish Bank has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Allied Irish Bank branch or your mortgage broker to see if they can assist.
My existing mortgage is with Allied Irish Bank. My grandfather retired last week and wants to pay off my mortgage. After Allied Irish Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Allied Irish Bank conveyancing panel? I do not intend to live at the property once the Allied Irish Bank mortgage is discharged.
You will need a solicitor but they need not be on the Allied Irish Bank conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.
I currently have a mortgage with with Allied Irish Bank. Conveyancing was finalised 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Allied Irish Bank?
Allied Irish Bank must be informed of your intention before letting out your property as this is likely to be a breach of Allied Irish Bank’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Allied Irish Bank directly. You need not do this via a Allied Irish Bank conveyancing panel solicitor.
The for formalities of my remortgage has taken place with a loan from Allied Irish Bank. Conveyancing was of an acceptable standard but I would like to complain about Allied Irish Bank. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the Allied Irish Bank branches or the Customer Care Department at Allied Irish Bank head office. In most cases complaints to Allied Irish Bank are resolved very quickly. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service with full details of your complaint.

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