Allied Irish Bank Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the UK Finance to develop such a search facility.

The criteria to join the Allied Irish Bank conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

You have a number of obligations in this regard which are to followed if you wish to comply with your lender client’s instructions as set out in the UK Finance Lenders’ Handbook. First, You must take reasonable steps to verify that there are no discrepancies between the description of the property as valued and the title and other documents which a reasonably competent conveyancer should obtain, and, if there are, you must tell Allied Irish Bank immediately. (II) You should take reasonable steps to verify that the assumptions stated by the valuer about the title (for example, its tenure, easements, boundaries and restrictions on its use) in the valuation and as stated in Allied Irish Bank’s mortgage offer are correct. If they are not, please let Allied Irish Bank know as soon as possible as it will be necessary for Allied Irish Bank to check with the valuer whether the valuation needs to be revised. Allied Irish Bank conveyancing panel solicitors are not expected to assume the role of valuer. Allied Irish Bank are simply trying to ensure that the valuer has valued the property based on correct information. Thirdly, Allied Irish Bank recommend that you should advise the borrower that there may be defects in the property which are not revealed by the inspection carried out by their valuer and there may be omissions or inaccuracies in the report which do not matter to them as a lender but which would matter to the borrower. Allied Irish Bank recommend that, if we send a copy of a valuation report that Allied Irish Bank have obtained, you should also advise the borrower that the borrower should not rely on the report in deciding whether to proceed with the purchase and that he obtains his own more detailed report on the condition and value of the property, based on a fuller inspection such as a homebuyers report or comprehensive survey. If you do not receive a copy of the valuation you can always ask for a copy of one from Allied Irish Bank or the borrower. You still need to comply with the UK Finance Lenders’ Handbook Requirement relating to valuation reports even if you don't receive one directly. Failure to comply not only runs the risk of facing a claim by the lender but also being removed from the Allied Irish Bank conveyancing panel

With banks and conveyancers working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Allied Irish Bank conveyancing panel but for all mortgage panel listings

Your insurance brokers are your best port of call to address this question. 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 should communicate with Allied Irish Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an express inquiry for banks to establish who to contact to obtain standard documents. Allied Irish Bank in their Part 2’s state: You will need to disclose the firm’s Allied Irish Bank conveyancing panel reference.