Examples of recent questions relating to the Allied Irish Bank Conveyancing Panel from members of the public
My fiance and I are purchasing a 1 bedroom flat in London with a mortgage from Allied Irish Bank. We would like to retain our solicitor but Allied Irish Bank says she’s not on their "panel". It seems we have little choice but to instruct one of the Allied Irish Bank panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Allied Irish Bank conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Allied Irish Bank
My fiance and I are refinancing our apartment with Allied Irish Bank. We have a son 18 who lives with us. The solicitor on the Allied Irish Bank conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Allied Irish Bank conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Allied Irish Bank conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Allied Irish Bank .This is solely used to protect the Allied Irish Bank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Allied Irish Bank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am Googling for conveyancing quotes online. Can I be sure that all the law firms that are listed on your directory are on the Allied Irish Bank conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the Allied Irish Bank panel and agreed to advise us to take down their listing in the event of removal off of the Allied Irish Bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Allied Irish Bank conveyancing panel is incorrect.
My conveyancers in Birmingham 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.
Is there a list of Allied Irish Bank panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Two weeks ago we had a mortgage agreed in principle with Allied Irish Bank. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Allied Irish Bank?
Some lenders take longer than others. Have Allied Irish Bank completed the valuation? Have you advised Allied Irish Bank as your lawyers details and checked that your lawyer is on the Allied Irish Bank conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Allied Irish Bank have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Allied Irish Bank your lawyer must to check the Allied Irish Bank conveyancing instructions contained in the Part of CML Handbook for Allied Irish Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Allied Irish Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
