Allied Irish Bank Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Allied Irish Bank and to assist in remaining on the Allied Irish Bank Conveyancing Panel.

Allied Irish Bank Solicitor Panel: Recently Asked Questions

Do Allied Irish Bank or the CML run CPD Courses for the Allied Irish Bank approved conveyancing panel in much the same way that the Law Society run cases for CQS firms?
The Council of Mortgage Lenders (or the BSA) do not involve themselves in training however they do provided numerous useful conveyancing related conferences which are attended by firms on the Allied Irish Bank conveyancing panel. We do intend to run specific lender focused seminars in the near future including a webinar on Allied Irish Bank’s Part 2 obligations. Practitioners on the Allied Irish Bank conveyancing panel will be invited. Information about the webinar will be made available as part of the LENDERmonitor P2 change Notifications.

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Why are Estate Agents using search tools to check if lawyers are on a lenders conveyancing panel?
Many estate agents will be feeling the pain if their clients start out on the conveyancing process having appointed a conveyancer who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors .
Do you have any idea what Lenders such as Allied Irish Bank are asking for when it comes to applying to be on their approved conveyancing panel?
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):
  • purchase and remortgage)
  • List of all those staff who work within the conveyancing team
  • SRA or equivalent regulator registration number where applicable
  • 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.
  • Number of partners per branch of the firm
  • Whether the firm has ever accepted instructions in respect of property clubs and investment schemes
  • conveyancer client account(s) details
  • Full complaints history for each conveyancing solicitor
  • Structure of firm and, where applicable, its group
  • Details of any accreditation e.g. Lexcel or
  • Do banks such as Allied Irish Bank run an independent conveyancing panel for buy to let mortgages?
    The majority of 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.
    In my capacity as COLP for my firm what do I need to consider in terms of disclosures to the SRA if my firm is suspended off the Allied Irish Bank solicitor panel?
    What you should do largely depends on the reason that your firm has been removed off the Allied Irish Bank conveyancing 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.
    In these three circumstances it is unlikely that you would expected to take any action. Disclosure and other compliance considerations are more likely to be relevant if the reason for removal is due to breaches of lender requirements or allegations of fraud or negligence. Whether the reasoning should trigger a disclosable 'material' breach will depend on the firm and the circumstances around possible failures to comply with the SRA Authorisation Rules, and the SRA will judge each case on its own merits. Factors such as the detriment or risk of detriment to clients, the scale of the issue and overall impact on the firm will need to be considered in deciding whether a failure is 'material'. As the compliance officer you will need systems to identify patterns of breaches. Even if you don't consider there to be regulatory implications the firms COFA should give some thought to whether she/he needs to take any action as result of being removed from the Allied Irish Bank conveyancing panel.
    JLT’s PII renewal form asks if my practice had been removed off any mortgage panels in the last 12 months. I just found out that the firm is no longer on the Allied Irish Bank solicitor panel? Is this likely to impact my insurance?
    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.
    Our practice is on the Allied Irish Bank conveyancing panel and all set to complete a purchase within the next week. I dont have a Legal Charge for the client to execute. Who do I contact at Allied Irish Bank to request substitute deeds?
    You should get in touch with Allied Irish Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual question for banks to cite who to contact to obtain standard documents. Allied Irish Bank in their Part 2’s state:
    Always remember to disclose your Allied Irish Bank conveyancing panel reference.

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    Average number of days to register title including a charge in favour of Allied Irish Bank
    This information relates to purchase only and not remortgages.
    YearDays*
    2024 [no data]
    2023 [no data]
    2022 [no data]
    2021 [no data]
    2020 [no data]
    2019 [no data]
    * Data aggregated from sources including COMPLETIONmonitor