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approved by AIB
Ready to buy a new home? Failing to check that a lawyer is on the AIB list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Allied Irish Bank (GB), a trading name of AIB Group (UK) Conveyancing Panel
Allied Irish Bank Conveyancing Panel Example Support Desk Enquires
For what reasons would a law firm be removed from the Allied Irish Bank approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Allied Irish Bank
Our son-in-law is about to exchange on a newly built flat with a home loan from Allied Irish Bank. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Allied Irish Bank conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Allied Irish Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Your search tool is useful but there are many lawyers listed near Chelsea on the Allied Irish Bank conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Allied Irish Bank ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Allied Irish Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Allied Irish Bank will insist on your using a conveyancer on the Allied Irish Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Allied Irish Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Allied Irish Bank mortgage is registered as a charge at the Land Registry.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Allied Irish Bank conveyancing panel requirements are different to Allied Irish Bank’s conveyancing panel requirements.
The mortgage over my property is with Allied Irish Bank. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Allied Irish Bank?
Allied Irish Bank must be informed of your intention before letting out your property as this is likely to be a breach of Allied Irish Bank’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Allied Irish Bank directly. It should not be necessary to do this via a Allied Irish Bank conveyancing panel firm.
My ex -wife’s name is on the Allied Irish Bank mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Allied Irish Bank mortgage in order to sell?
In terms of the Allied Irish Bank mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Allied Irish Bank in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.