Accord Buy to Let Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

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

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Accord Buy to Let

Mortgage companies 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 118 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 23.1 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,

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 30/09/2019 CML
1.11a 01/12/2014 CML
1.15 01/12/2014 CML
14.2.1 01/12/2014 CML
16.3.4 01/12/2014 CML
16.5.3c 01/12/2014 CML
4.3 01/12/2014 CML
5.9.1 01/12/2014 CML
6.11.1 01/12/2014 CML Obstruction of Access Indemnity Insurance
6.6.4 01/12/2014 CML

Last update 08/11/2019

Accord Buy to Let Conveyancing Panel Recently Asked Questions from members of the public

I need to swap lawyers as my lawyer is not on the Accord Buy to Let panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
We are only a couple days away from an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Accord Buy to Let. Apparently, being on the Accord Buy to Let conveyancing panel and acting on their behalf he must inform Accord Buy to Let if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Accord Buy to Let to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Accord Buy to Let if you agree, failing which, your lawyer must cease to continue acting.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Accord Buy to Let conveyancing panel. My lawyer has said that they are on the Accord Buy to Let approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Accord Buy to Let conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Accord Buy to Let solicitor panel.
I am considering refinancing my flat does my lawyer need to be on the Accord Buy to Let Solicitor panel?
In theory, you could use a solicitor that is not on Accord Buy to Let conveyancing panel, but Accord Buy to Let would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
We expect to receive a DIP from Accord Buy to Let this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Accord Buy to Let recommend a solicitor on the Accord Buy to Let conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Accord Buy to Let conveyancing panel. The solicitor represents both you and the Accord Buy to Let through the process.
My brother and I have had an offer accepted on a house I spoke to a conveyancer previously used by my uncle and he recommended using a property lawyers approved by Accord Buy to Let. The estate agent recommended two local firms so I asked Accord Buy to Let if the 2 suggested solicitors are approved, which they are not. Accord Buy to Let suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Accord Buy to Let 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Accord Buy to Let for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Accord Buy to Let conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Accord Buy to Let conveyancing panel as it may only take about 2-3 weeks. As long as they meet Accord Buy to Let’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Accord Buy to Let have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Accord Buy to Let or your broker and complete any relevant paperwork. Accord Buy to Let will tell you what documents they want. Accord Buy to Let will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Accord Buy to Let will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.