Allied Irish Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. It 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. Notwithstanding that utilising the tool is not a condition for acceptance 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, safeguard your panel standing.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Allied Irish Bank

Banks and building societies frequently 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,

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Recent Changes Include

# Date Assoc. Changes Related To
16.4.2 20/10/2016 CML
16.5.2 20/10/2016 CML
16.5.3b 20/10/2016 CML
4.5a 20/10/2016 CML
5.13.1 20/10/2016 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
6.5.1 20/10/2016 CML
6.9.1 20/10/2016 CML Unknown Rights and Easements Indemnity Insurance
7.4 20/10/2016 CML
6.14.4 01/12/2014 CML
3.1.5 01/12/2014 CML

Last update 06/11/2019

Allied Irish Bank Solicitor Panel Sample Enquires to our Call Center from members of the public

I am selling my house and the estate agent has just texted me to warn that the purchasers are swapping conveyancer. The excuse is that Allied Irish Bank will only engage with property lawyers on their conveyancing panel. Why would a major mortgage company only work with specific lawyers?
Lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Nationwide , have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.

Banks blame a rise in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

Our lawyer has informed me that he requires ID documents saying that this is part of his requirements as a conveyancer on the Allied Irish Bank Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Allied Irish Bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Allied Irish Bank CML Handbook requirements last updated on Allied Irish Bank
I have checked 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 in the process of remortgaging my property does my lawyer need to be on the Allied Irish Bank Conveyancing panel?
In theory, you could use a solicitor that is not on Allied Irish Bank conveyancing panel, but Allied Irish Bank would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We were going to get a DIP from Allied Irish Bank this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Allied Irish Bank recommend a solicitor on the Allied Irish Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Allied Irish Bank conveyancing panel. The solicitor represents both you and the Allied Irish Bank through the process.
Allied Irish Bank have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Allied Irish Bank or your broker and complete any relevant paperwork. Allied Irish Bank will tell you what documents they want. Allied Irish Bank will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Allied Irish Bank will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
Next month my fiance and I are acquiring a flat in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My brokeradvised that we check that the solicitor in Hendon is on the Allied Irish Bank approved list of lawyers. Is this really necessary?
It is not that case that all Hendon conveyancing firms are on the Allied Irish Bank conveyancing panel. 8 people a month use our search tool to search for a Hendon conveyancing lawyer on the on the Allied Irish Bank solicitors pane.