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Allied Irish Bank Solicitor Panel: Recently Asked Questions
Given my firm’s membership on the Allied Irish Bank conveyancing panel how long am I obliged to retain the original conveyancing file?
The CML Part II requirements of
Allied Irish Bank are silent on this. Most mortgage companies deal with the question of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally
suitable compliance with this requirement. Many lenders point out in
that it is the practice of some fraudsters to demand the conveyancing
file on completion in order to destroy evidence that may later be
used against them. It is therefore important to retain these
documents to protect Allied Irish Bank’s interest. To be
absolutely sure of Allied Irish Bank requirements in this regard
please check the Terms and Conditions of Allied Irish Bank’s
conveyancing panel membership.
What sort of information are Lenders such as
Allied Irish Bank are asking for when it comes to applying to be on their approved solicitor list?
Criteria differ from lender to lender.
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):
Number of partners per branch of the firm
Details of any accreditation e.g. Lexcel or
SRA or equivalent regulator registration number where applicable
The percentage of the firm’s business which is conveyancing (broken down into sale
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
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.
List of all those staff who work within the conveyancing team
Structure of firm and, where applicable, its group
Do I face removal off the
Allied Irish Bank solicitor panel if I have not sent the deeds on a purchase within a certain time frame from draw-down of funds?
One might ordinarily expect
Allied Irish Bank via their Part 2 obligations to address this but the Handbook makes no mention on deadlines to send deeds. Do look at the Terms of
Allied Irish Bank’s Conveyancing Panel Appointment that you are bound by. For many lender's these Terms include a provision along the following lines:
‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep
Allied Irish Bank informed.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Allied Irish Bank conveyancing panel?
In order to be on the Allied Irish Bank conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Allied Irish Bank) are as follows:
- Without prejudice to your obligation to comply in full with the Safeguards provisions in the CML Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
- To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with Part 2 requirements . I am on the
Allied Irish Bank conveyancing panel can you tell me how Part 2 changes took place by
Allied Irish Bank during 2013?
During 2013, 1 sections of the UK Finance Lenders’ Handbook P2 were changed by
Allied Irish Bank. Some changes are more important than others but as a firm on the
Allied Irish Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: CML requirements are not guidelines; they are the lender client’s instructions.
Marsh’s PII renewal form asks if my practice had been removed off any lender panels in the last year.
I recently became aware that the practice is no longer on the
Allied Irish Bank solicitor panel? Is this likely to effect my PII cover?
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.
My firm is listed on the
Allied Irish Bank
conveyancing panel and all set to complete a remortgage shortly. I dont have a Legal Charge for the client to execute.
Who do I contact at Allied Irish Bank to obtain duplicate documents?
You need to get in touch with Allied Irish Bank
to obtain standard documents. The CML Handbook incorporates a specific question for banks to cite who to contact to obtain standard documents.
Allied Irish Bank in their Part 2’s state:
It helps to disclose the firm’s Allied Irish Bank solicitors panel number.
Find a Lawyer on the Allied Irish Bank Conveyancing Panel
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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.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Allied Irish Bank Firms
- Draft Report on Title precedent for Allied Irish Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Allied Irish Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Allied Irish Bank lender panel
- Buy-to-Let help for Allied Irish Bank
- Consent-to-Let help for Allied Irish Bank
- Contractor Mortgages with Allied Irish Bank
