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approved by AccordBTL
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 for the Accord Buy to Let Conveyancing Panel
My lawyer is not listed on the Accord Buy to Let Solicitor Panel. Is it possible for me to use my preferred solicitor even though they are not on the Accord Buy to Let panel of approved conveyancing solicitors?
The most common options here are as follows:
- Carry on with your existing solicitors but Accord Buy to Let will need to instruct a lawyer on the Accord Buy to Let conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Accord Buy to Let conveyancing panel.
- Urge your lawyer to apply to join the Accord Buy to Let lender panel
Our grandson is purchasing a newly built flat with a mortgage from Accord Buy to Let. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Accord Buy to Let conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Accord Buy to Let conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
How do I search for a local solicitor on the Accord Buy to Let conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the conveyancer.
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 Buy to Let solicitor panel.
I am considering refinancing my house does my lawyer need to be on the Accord Buy to Let Conveyancing panel?
There is nothing to stop you using your solicitor but Accord Buy to Let will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Do conveyancing solicitors on the Accord Buy to Let conveyancing panel work on a no sale no fee basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I have today made my last payment due on mortgage with Accord Buy to Let. I assume I don't need a solicitor on the Accord Buy to Let panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Accord Buy to Let mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Accord Buy to Let mortgage from the register. Accord Buy to Let,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Accord Buy to Let has sent the Land Registry the discharge electronically, and
the Accord Buy to Let has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Accord Buy to Let mortgage has been paid off.
I have a mortgage with Accord Buy to Let. My uncle 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 will it roughly 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.
Although you do need to retain the services of a lawyer they dont
need to be on the Accord Buy to Let 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
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