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 representing a lender such as Accord Buy to Let alone in a residential conveyancing transaction. These legal instructions are contained at Part Three of the UK Finance Lenders’ Handbook and are to be followed in conjunction with Sections One and Two. The CML have published an example requirements letter to the borrower’s conveyancing solicitor for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.

On the basis that your practice in is on the Accord Buy to Let conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Accord Buy to Let are to lend, they may require indemnity insurance. In any event,you will need to check Accord Buy to Let’s specific requirements. Notwithstanding whether Accord Buy to Let will lend in such circumstances you still need to advise the borrower (unless you are acting for Accord Buy to Let alone) as to the risks of buying a property with an insolvent or absentee freeholder.

With lenders and property lawyers working so closely together 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 panels

CQS accreditation is 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 panels. A number of mortgage companies now use the Conveyancing Quality Scheme accreditation as the starting point for Panel acceptance as is the case with Astra Mortgages.

You should contact Accord Buy to Let to obtain standard documents. The The Council of Mortgage Lenders Handbook contains a specific inquiry for lenders to establish who to contact to obtain standard documents. Accord Buy to Let in their Part 2’s state: Always remember to disclose your Accord Buy to Let conveyancing panel number.