Allied Irish Bank Conveyancing Panel Information

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the Allied Irish Bank conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

List of all those staff who work within the conveyancing team

and Conveyancing Quality Scheme

Structure of firm and, where applicable, its group

SRA or equivalent regulator registration number where applicable

Number of partners per branch of the firm

Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.

Full complaints history for each conveyancing solicitor

Whether the firm has ever accepted instructions in respect of property clubs and investment schemes

Solicitor

purchase and remortgage)

Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Allied Irish Bank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Allied Irish Bank we suggest that you call Allied Irish Bank to check the position.

Allied Irish Bank approved panel lawyers have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Allied Irish Bank require, the deed of covenant on their behalf. You will need to check Allied Irish Bank CML Part 2 conditions to see if Allied Irish Bank have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Allied Irish Bank conveyancing panel

The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Allied Irish Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to get in touch with Allied Irish Bank to obtain standard documents. The CML Handbook contains an express section for lenders to establish who to contact to obtain standard documents. Allied Irish Bank in their Part 2’s state: Don’t forget to quote your Allied Irish Bank solicitors panel reference.