Accord Buy to Let Solicitor Panel Sample Enquires to our Call Center from members of the public
I would like to know 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
Expecting to move into my new home next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Accord Buy to Let. What risks do Accord Buy to Let expect the insurance 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.
I need to find a Accord Buy to Let panel solicitor in Belfast. Could you help me?
It is not clear why you need a Accord Buy to Let panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Accord Buy to Let to find out which solicitors in Accord Buy to Let are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
My lawyers in Leeds have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Accord Buy to Let. Is it case that being on the Accord Buy to Let conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Accord Buy to Let Conveyancing Panel Terms. It might be worth you contacting Accord Buy to Let directly.
Can you point me to a directory of Accord Buy to Let panel conveyancers on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Intending to buy 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
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.