FAQs : The Allied Irish Bank Solicitor Panel
from members of the public
My IFA has says he needs my lawyer’ panel reference for the Allied Irish Bank conveyancing panel. Can you suggest how I find this out. I have called my local Allied Irish Bank branch but they cant find it on their system.
the sensible thing to do is ask for this information from your solicitor. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Allied Irish Bank.
Our lawyer has uncovered a legal deficiency with the lease for the property we are purchasing. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that as he is on the Allied Irish Bank conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Allied Irish Bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Allied Irish Bank are the client. A precondition 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). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Allied Irish Bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the Allied Irish Bank conveyancing 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.
What happens if my solicitor is removed from the Allied Irish Bank Conveyancing panel before the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I am buying a property where 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.
I am currently in the process of buying my council flat. I have a mortgage agreed with Allied Irish Bank. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Allied Irish Bank you will need to appoint a solicitor on the Allied Irish Bank conveyancing panel.
Completion of my purchase has taken place with a loan from Allied Irish Bank. Conveyancing was a necessary evil but I would like to complain about Allied Irish Bank. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the Allied Irish Bank branches or the Customer Care Team at Allied Irish Bank head office. In most cases complaints to Allied Irish Bank are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.