Accord Buy to Let Conveyancing Panel Information

The Council of Mortgage Lenders, along with Accord Buy to Let and other lenders created a standard set of requirements where a conveyancer is acting for a lender such as Accord Buy to Let alone in a residential conveyancing transaction. These obligations are contained at Part Three of the UK Finance Lenders’ Handbook and are to be read together with Part I and II. The CML have published an example requirements letter to the borrower’s conveyancing solicitor for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.

As is the case with the Law Society the CLC has begun dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as Accord Buy to Let as well as the CML.

You need to be careful here as what you are intending may not be acceptable to the lender. It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.

With banks and property lawyers working so closely with one another it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Accord Buy to Let conveyancing panel but for all mortgage panel listings

CQS membership is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their panels. Some Lenders now use the Conveyancing Quality Scheme accreditation as the starting point for Panel acceptance such as HSBC.

You need to get in touch with Accord Buy to Let to obtain standard documents. The CML Handbook contains a specific section for banks to set out who to contact to obtain standard documents. Accord Buy to Let in their Part 2’s state: It helps to disclose the firm’s Accord Buy to Let solicitors panel reference.