Allied Irish Bank Conveyancing Panel Example Support Desk Enquires
from members of the public
Is there a reason why all solicitors aren't included on the Allied Irish Bank Solicitor panel?
As unjust as it may seem for Allied Irish Bank to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Allied Irish Bank are limiting their conveyancing panel to a manageable size. The Allied Irish Bank conveyancing panel is not the smallest
Our lawyer has uncovered a defect with the lease for the flat we are purchasing. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor has advised that as he is on the Allied Irish Bank conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or 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. These conveyancing instructions must be adhered to by the Allied Irish Bank conveyancing panel who has to balance acting for you and 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 am selling my house. Does my solicitor have to be on the Allied Irish Bank conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Allied Irish Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it the case that all solicitor firms on the Allied Irish Bank conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Allied Irish Bank conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
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 requirements.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Allied Irish Bank. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Allied Irish Bank involved you will need to appoint a solicitor on the Allied Irish Bank conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Allied Irish Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Allied Irish Bank conveyancing panel.