Allied Irish Bank Conveyancing Panel : Questions and Answers
from members of the public
I was advised recently by my financial adviser that my lawyer is not on the Allied Irish Bank Solicitor panel. How can I be sure that this is correct?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Allied Irish Bank solicitor panel.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Allied Irish Bank will not agree to this. Why was Allied Irish Bank even consulted?
Your lawyer being on the Allied Irish Bank conveyancing panel is duty bound to inform Allied Irish Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Allied Irish Bank then they would have to discontinue acting for you and Allied Irish Bank.
Is it necessary during the course of the conveyancing process to attend the offices of the Allied Irish Bank conveyancing panel solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in London
so that I can attend their offices if necessary.
Most conveyancing panel lawyers for Allied Irish Bank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Allied Irish Bank conveyancing panel in order to deal with paying off 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.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Allied Irish Bank. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
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.
We have agreed a price on a apartment I spoke to a lawyer recommended by my brother 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.
Enquire of 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 on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Allied Irish Bank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Allied Irish Bank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Allied Irish Bank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.