Accord Mortgages Conveyancing Panel Information

No such training is arranged by the CML although they do provided a number of useful conveyancing related conferences which are attended by firms on the Accord Mortgages conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Accord Mortgages’s Part 2 requirements. Practitioners on the Accord Mortgages conveyancing panel will be invited. Information about the webinar will be made available as part of the LENDERmonitor Alerts.

We only know of two or three banks that operate a separate conveyancing panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with Accord Mortgages. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Accord Mortgages

The Council of Mortgage Lender requirements of Accord Mortgages are silent on this. Most mortgage companies deal with the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Accord Mortgages’s interest. To be absolutely sure of Accord Mortgages requirements in this regard please check the Terms and Conditions of Accord Mortgages’s conveyancing panel acceptance.

Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Accord Mortgages as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Accord Mortgages we suggest that you call Accord Mortgages to check the position.

In this situation please explain on the application what action you have taken to discover the reasons behind cancellation of your Accord Mortgages panel membership. In particular please provide details if you have received communications from the lender. E.G. before cessation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?

You should contact Accord Mortgages to obtain standard documents. The CML Handbook includes an express inquiry for banks to cite who to contact to obtain standard documents. Accord Mortgages in their Part 2’s state: Don’t forget to disclose the firm’s Accord Mortgages solicitors panel reference.