Find an Approved Solicitor on the Allied Irish Bank (GB), a trading name of AIB Group (UK)
Frequently asked questions relating to the Allied Irish Bank Conveyancing Panel
My fiance and I are FTBs. Within the last couple of days our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Allied Irish Bank have this morning contacted us to advise us that they have now hit a problem as our solicitor is not on their approved list of lawyers. What do we do from here?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme.
Your solicitors should contact Allied Irish Bank and see if they can apply for membership of the Allied Irish Bank conveyancing panel, but if that is not viable Allied Irish Bank will instruct their own lawyers to represent them. You don't have to instruct a firm on the Allied Irish Bank conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Allied Irish Bank will not agree to this. Why was Allied Irish Bank even consulted?
Your lawyer being on the Allied Irish Bank conveyancing panel is duty bound to inform Allied Irish Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Allied Irish Bank then they would have to discontinue acting for you and Allied Irish Bank.
Do all the firms listed on your directory have online case tracking as I understood that this was a condition of being on the Allied Irish Bank solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
We're in Liverpool, First timers buying with a mortgage (lender is Allied Irish Bank , but our lawyer is on the Allied Irish Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Allied Irish Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I'm at the point of viewing apartments and am about to put in an offer. Is it premature to have a solicitor in place? I will be getting 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 EA. 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 have paid off my mortgage with Allied Irish Bank. I assume I don't need a solicitor on the Allied Irish Bank panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Allied Irish Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Allied Irish Bank mortgage from the register. Allied Irish Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Allied Irish Bank has sent the Land Registry the discharge electronically, and
the Allied Irish Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Allied Irish Bank mortgage has been paid off.
Planning on purchasing a house with a mortgage with Allied Irish Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Allied Irish Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Allied Irish Bank conveyancing panel