Accord Buy to Let Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Accord Buy to Let’s changes. Even though using the tool is not a condition for acceptance on the Accord Buy to Let panel, demonstrating you can stay up to date with Accord Buy to Let’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel standing.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Accord Buy to Let

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Accord Buy to Let are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Accord Buy to Let has made 119 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 22.9 days. In total, 57% of the sections of P2 of the UK Finance Lenders’ Handbook for Accord Buy to Let have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 02/05/2017 CML
5.14.9 07/04/2017 CML
6.7.1 07/04/2017 CML
16.4.1 01/12/2014 CML
5.14.13 01/12/2014 CML
5.14.15a 01/12/2014 CML Absentee Landlord Indemnity Insurance
5.17.5a 01/12/2014 CML
5.1.1 01/12/2014 CML
5.9.1 01/12/2014 CML
6.7.4 01/12/2014 CML

Last update 06/04/2020

Q and A’s regarding the Accord Buy to Let Solicitor Panel from members of the public

Can you please explain the reason why all UK lawyers are not on the Accord Buy to Let Solicitor panel?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
I am due to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Accord Buy to Let. What does the insurance need to cover?
Any lawyer on the Accord Buy to Let conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Accord Buy to Let’s Part 2 requirements of the CML Handbook (last updated on Accord Buy to Let). Being on the Accord Buy to Let conveyancing panel your lawyer is expect to follow these instructions.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the Accord Buy to Let conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I am selling my house. Does my solicitor have to be on the Accord Buy to Let conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Accord Buy to Let conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Are all Conveyancing Quality Solicitors on the Accord Buy to Let conveyancing panel?
Some major lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
When it comes to lenders such as Accord Buy to Let do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Accord Buy to Let?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Accord Buy to Let conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Accord Buy to Let and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.