FAQs for the Accord Mortgages Conveyancing Panel from members of the public
I have been advised by my broker that I have to pay Accord Mortgages fees if I use my own solicitor. How good are the Accord Mortgages conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Would you recommend a specific law firm on the Accord Mortgages panel?
Accord Mortgages’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Accord Mortgages will allow to act for them.
My husband and I intend to remortgage our penthouse with Accord Mortgages. We have a son approaching twenty who lives with us. The solicitor on the Accord Mortgages 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, giving up any rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this form unique to the Accord Mortgages conveyancing panel as he never had to sign this form when we remortgaged 3 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 Mortgages .This is solely used to protect the Accord Mortgages 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 Mortgages 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.
Is it necessary during the course of the conveyancing process to pop into the offices of the Accord Mortgages conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in London
so that I can attend their offices if required.
Most conveyancing panel lawyers for Accord Mortgages undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
We're in Wales, First time buyers buying with a mortgage (lender is Accord Mortgages , but our solicitor is on the Accord Mortgages conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Accord Mortgages conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I am buying a property where the roof has a solar panel. Accord Mortgages have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Accord Mortgages your lawyer must to check the Accord Mortgages conveyancing instructions contained in the Part of CML Handbook for Accord Mortgages . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Accord Mortgages where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Accord Mortgages. Conveyancing is not something I have any knowledge of. 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 Mortgages you will need to appoint a solicitor on the Accord Mortgages conveyancing panel.
Completion of my remortgage has taken place with a loan from Accord Mortgages. Conveyancing was of an acceptable standard but I would like to complain about Accord Mortgages. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the Accord Mortgages branches or the Customer Care Department at Accord Mortgages head office. We understand that complaints to Accord Mortgages are sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service who will take matters further.