Allied Irish Bank Conveyancing Panel : Questions and Answers
from members of the public
Is the fact that my conveyancer is not isted on the Allied Irish Bank Conveyancing panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Allied Irish Bank.
Please assist. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Allied Irish Bank was dated random date and we have agreed a date for me to move into the property on 6. My solicitor has advised that as she is on the Allied Irish Bank conveyancing panel she needs to reorder the searches as they are no longer valid.
A precondition to being on the Allied Irish Bank approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Allied Irish Bank)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Allied Irish Bank.
Your search tool is useful but there are many lawyers listed near London on the Allied Irish Bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Allied Irish Bank ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I would like to get my former partner removed the mortgage deeds. Can Allied Irish Bank really tell me which solicitor I can or can not use?
You can use any solicitor you like but Allied Irish Bank then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Allied Irish Bank solicitors panel
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Allied Irish Bank conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
My husband and I are in the throws of viewing flats and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a mortgage with Allied Irish Bank
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Allied Irish Bank , ask your prospective lawyers check they are on the Allied Irish Bank conveyancing panel otherwise they can't do the mortgage legal work.
I was told four weeks ago that my mortgage has been agreed
to by Allied Irish Bank. Is it usual for Allied Irish Bank to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Allied Irish Bank to deal with your lawyers application to be on the Allied Irish Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.