Accord Mortgages Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Accord Mortgages’s changes. Even though utilising the software is not a prerequisite for Accord Mortgages , demonstrating you can stay up to date with Accord Mortgages’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel status.

The software creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Accord Mortgages

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Accord Mortgages are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Accord Mortgages has made 322 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 8.5 days. In total, 44% of the sections of P2 of the UK Finance Lenders’ Handbook for Accord Mortgages have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
5.14.9 02/05/2017 CML
4.5b 06/02/2017 CML
5.14.10 06/02/2017 CML
5.14.15a 06/02/2017 CML Absentee Landlord Indemnity Insurance
6.6.1 06/02/2017 CML
3.1.5 01/12/2014 CML
5.5.1a 01/12/2014 CML
6.14.2 01/12/2014 CML
3.1.5 01/12/2014 CML
14.2.2 12/09/2014 CML

Last update 13/01/2020

Accord Mortgages Conveyancing Panel Sample Enquires to our Call Center from members of the public

My financial adviser has informed me that I have to pay Accord Mortgages fees if I use my own solicitor. How good are the Accord Mortgages conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Accord Mortgages panel?
Accord Mortgages’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from that they are on the panel. 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 changing mortgage lender for our maisonette with Accord Mortgages. We have a son approaching twenty who lives with us. The solicitor on the Accord Mortgages conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the Accord Mortgages conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Accord Mortgages conveyancing panel solicitor is doing the right thing 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.

What tools are available to find a local solicitor on the Accord Mortgages conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the solicitor.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Accord Mortgages solicitor panel.
I was due to move into my dream home last Friday. My lawyer’s firm is on the Accord Mortgages conveyancing panel but has changed address 8 weeks ago and had not advised Accord Mortgages of their new address. Accord Mortgages has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most 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 Mortgages branch or your mortgage broker to see if they can assist.
Two weeks ago we had a mortgage agreed in principle with Accord Mortgages. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Accord Mortgages?
There is no definitive answer here. Have Accord Mortgages completed the survey? Have you advised Accord Mortgages as your lawyers details and checked that your lawyer is on the Accord Mortgages conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I currently have a mortgage with with Accord Mortgages. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Accord Mortgages?
You must advise Accord Mortgages prior to renting your property as this is likely to be a breach of Accord Mortgages’s mortgage conditions. It may be that Accord Mortgages will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Accord Mortgages directly. You need not do this via a Accord Mortgages conveyancing panel firm.
Sometime soon me and my wife are taking a long lease of a house in Hendon. Conveyancing solicitors in Hendon are about to beinstructed. My brokerrecommended that we enquire that the solicitor in Hendon is on the Accord Mortgages panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing practices are on the Accord Mortgages conveyancing panel. 8 people a month use our search tool to search for a Hendon conveyancing firm on the on the Accord Mortgages approved list of lawyers.