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Ready to buy a new home? Failing to check that a lawyer is on the AccordBTL list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Accord Buy to Let Conveyancing Panel? How can my firm be reinstated onto the Accord Buy to Let Conveyancing Panel?Find an Approved Solicitor on the Accord Buy to Let Conveyancing Panel
FAQs : The Accord Buy to Let Conveyancing Panel
I need to swap lawyers as my lawyer is not on the Accord Buy to Let panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My conveyancer has uncovered a discrepancy between the surveyor’s assumptions in Accord Buy to Let’s home valuation report and what is in the conveyancing documents. My solicitor says that as he is on the Accord Buy to Let conveyancing panel he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?
A precondition 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 do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am looking to buy a flat and need a conveyancing solicitor in Birmingham who is on the Accord Buy to Let conveyancing. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Accord Buy to Let . We don’t recommend any particular firm.
My grandmother passed away 10 months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Accord Buy to Let , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Accord Buy to Let will insist on your using a conveyancer on the Accord Buy to Let conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Accord Buy to Let conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Accord Buy to Let mortgage is registered as a charge at the Land Registry.
Why might a lender such as Accord Buy to Let withdraw a mortgage offer?
Banks and Building Societies such as Accord Buy to Let can revoke their mortgage offer although this is unusual. In the unlikely event that Accord Buy to Let withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a number of examples:
- Many mortgage offers have an expiry date. Your lawyer should check this. Accord Buy to Let may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
- If the borrower informs Accord Buy to Let of a change in the loan amount agreed
- Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Accord Buy to Let conveyancing panel solicitors would be obliged to notify Accord Buy to Let of a change in the price of the property.
- Where the Lender’s right to possession is fettered in some way
- If the solicitor on the Accord Buy to Let conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Accord Buy to Let ‘s instructions
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 go independently
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.
For 5 years I had a mortgage with Accord Buy to Let. My grandfather has just retired and wants to pay off the mortgage left on the property. After Accord Buy to Let is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Accord Buy to Let conveyancing panel? I do not intend to live at the property once the Accord Buy to Let mortgage is discharged.
You
will need a solicitor but they need not be on the Accord Buy to Let conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Other Topics
Transfer of Equity for Accord Buy to LetPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors