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How does my firm apply to be on the Allied Irish Bank (GB), a trading name of AIB Group (UK) Conveyancing Panel? How can my firm be reinstated onto the Allied Irish Bank (GB), a trading name of AIB Group (UK) Conveyancing Panel?Find an Approved Solicitor on the Allied Irish Bank (GB), a trading name of AIB Group (UK) Conveyancing Panel
Q and A’s regarding the Allied Irish Bank Solicitor Panel
Much to my surprise I have been told by my financial adviser that my the law firm I have appointed is not on the Allied Irish Bank Solicitor panel. How can I be certain that this is indeed the case?
You need to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Allied Irish Bank.
Please help. My conveyancer is informing me me that she is duty-bound to apply for a Local Authority search stemming from the fact that the firm are on the Allied Irish Bank conveyancing panel. Is my lawyer correct?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Allied Irish Bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Allied Irish Bank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Allied Irish Bank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a post code search directory listing firms on the Allied Irish Bank conveyancing panel. Do firms pay you a commission if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Allied Irish Bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My lawyers in Liverpool have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Allied Irish Bank. Is it case that being on the Allied Irish Bank conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Allied Irish Bank Conveyancing Panel Terms. It might be worth you contacting Allied Irish Bank directly.
Do conveyancing lawyers on the Allied Irish Bank conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
is it true that all solicitor firms on the Allied Irish Bank conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Allied Irish Bank conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I had instructed online conveyancers based in London who are on the Allied Irish Bank solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Allied Irish Bank mortgage. Is this a supplemental conveyancing fee specified by Allied Irish Bank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Allied Irish Bank but by your lawyers. Some firms on the Allied Irish Bank will charge an ‘acting for lender’ fee and others do not.
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Transfer of Equity for Allied Irish BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors