Accord Buy to Let Solicitor Panel Example Support Desk Enquires
from members of the public
My property lawyer is not listed on the Accord Buy to Let Conveyancing Panel. Is it possible for me to continue with my family solicitor even though they are not on the Accord Buy to Let approved list?
You will need to have a conveyancer complete the legal work required when you take out a Accord Buy to Let mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Accord Buy to Let conveyancing panel additional costs will be incurred as separate legal representation will be required by Accord Buy to Let. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Can you clarify something for me?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Accord Buy to Let was dated random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer says that as she is on the Accord Buy to Let conveyancing panel she needs to reorder the searches as they are no longer valid.
One of the many conditions to being on the Accord Buy to Let approved panel is to comply with the CML Handbook requirements (last updated for this lender on Accord Buy to Let)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Accord Buy to Let.
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 applying for a Accord Buy to Let mortgage for purchase of a newly converted (under development) with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Accord Buy to Let?
There is nothing to stop you using your solicitor but Accord Buy to Let will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
When it comes to lenders such as Accord Buy to Let do lawyers have to be pay a fee to be on the list of approved solicitors?
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.
We were going to get a DIP from Accord Buy to Let this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (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 find our own lawyer
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.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Accord Buy to Let. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Accord Buy to Let you will need to appoint a solicitor on the Accord Buy to Let conveyancing panel.