Find an Approved Solicitor on the Accord Mortgages Ltd
Frequently asked questions relating to the Accord Mortgages Solicitor Panel
For what reasons could a law firm be removed from the Accord Mortgages approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Accord Mortgages
My partner and I intend to remortgage our flat 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 any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Accord Mortgages conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this giving up his rights 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Accord Mortgages conveyancing panel. My lawyer has said that they are on the Accord Mortgages approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Accord Mortgages conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Accord Mortgages solicitor panel.
My grandfather passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Accord Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Accord Mortgages will insist on your using a conveyancer on the Accord Mortgages 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 Mortgages 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 Mortgages mortgage is registered as a charge at the Land Registry.
We were going to get a DIP from Accord Mortgages 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 Mortgages recommend a solicitor on the Accord Mortgages 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 Mortgages conveyancing panel. The solicitor represents both you and the Accord Mortgages through the process.
I am currently in the process of buying my council flat. 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 mortgage from Accord Mortgages. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Accord Mortgages. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the Accord Mortgages branches or the Customer Care Team at Accord Mortgages head office. Ordinarily complaints to Accord Mortgages are sorted out very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service
who will take matters further.