Accord Buy to Let Conveyancing Panel Sample Enquires to our Call Center from members of the public
My husband and I are hoping to buy a 2 bedroom flat in Newcastle with a mortgage from Accord Buy to Let. We would like to retain our lawyer but Accord Buy to Let says he's not on their "panel". It seems we have little choice but to instruct one of the Accord Buy to Let panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Accord Buy to Let use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Accord Buy to Let conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Accord Buy to Let
My husband and I changing mortgage lender for our penthouse with Accord Buy to Let. We have a son 18 who lives with us. The solicitor on the Accord Buy to Let conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this document specific to the Accord Buy to Let conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Accord Buy to Let .This is solely used to protect the Accord Buy to Let if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Accord Buy to Let had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Do I need to visit the offices of the Accord Buy to Let conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in London
so that I can pop in to their offices if necessary.
Whereas this was necessary ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in London
.
I was supposed to complete on my dream home yesterday. My solicitor is on the Accord Buy to Let conveyancing panel but has moved offices in the past couple of months and had not informed Accord Buy to Let of their new address. Accord Buy to Let has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Accord Buy to Let branch or your mortgage broker to see if they can help.
I have paid off my mortgage with Accord Buy to Let. I assume I don't need a solicitor on the Accord Buy to Let panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Accord Buy to Let mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Accord Buy to Let mortgage from the register. Accord Buy to Let,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Accord Buy to Let has sent the Land Registry the discharge electronically, and
the Accord Buy to Let has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Accord Buy to Let mortgage has been paid off.
Planning on purchasing a house with a mortgage with Accord Buy to Let. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Accord Buy to Let conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Accord Buy to Let conveyancing panel
My brother and I are acquiring a flat in Hendon. Conveyancing solicitors in Hendon are preferred to beappointed. My friendsuggested that we check that the property lawyer in Hendon is on the Accord Buy to Let approved list of lawyers. Surely I don't need to do this, do I?
Far from all Hendon conveyancing firms are on the Accord Buy to Let conveyancing panel. Use the above search tool to find a Hendon conveyancing lawyer on the on the Accord Buy to Let panel.