Frequently asked questions relating to the Accord Buy to Let Conveyancing Panel from members of the public
Is there a reason why all UK lawyers aren't included on the Accord Buy to Let Conveyancing panel?
Mortgage companies 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 do hope you can help me. My conveyancer is advising me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the Accord Buy to Let solicitor panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Accord Buy to Let your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Accord Buy to Let’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Accord Buy to Let. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Whilst your website is a good idea there are many lawyers listed near Manchester on the Accord Buy to Let conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Accord Buy to Let ?
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..
I am purchasing a semi-detached house and getting a mortgage with Accord Buy to Let. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Accord Buy to Let conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Accord Buy to Let conveyancing panel in your location.
Are all solicitors on the Accord Buy to Let conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Accord Buy to Let conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Accord Buy to Let. Is it possible to avoid using solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Accord Buy to Let involved you will need to appoint a solicitor on the Accord Buy to Let conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Accord Buy to Let. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Accord Buy to Let conveyancing panel.
Intending to buy a flat 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
