Accord Buy to Let Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the CML to develop such a register.

When a solicitor is acting for both Accord Buy to Let and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Accord Buy to Let and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Accord Buy to Let the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Accord Buy to Let conveyancing panel status.

CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of conveyancing solicitors. A number of mortgage companies now use CQS as the starting point for Panel membership such as Astra Mortgages.

You should contact Accord Buy to Let to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an explicit question for lenders to cite who to contact to obtain standard documents. Accord Buy to Let in their Part 2’s state: It helps to disclose your Accord Buy to Let conveyancing panel reference.