Accord Mortgages Conveyancing Panel Information

UK Finance Designator: Accord Mortgages Ltd
Jurisdiction: England and Wales

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Accord Mortgages and to assist in remaining on the Accord Mortgages Solicitor Panel.

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Accord Mortgages Conveyancing Panel: Recently Asked Questions

I am on the Accord Mortgages conveyancing panel. Can I get an archived copy of a Accord Mortgages Part 2 from the CML?
The Council of Mortgage Lenders do not retain historic copies of the Part 2's pre-December 2010. We would advise that you contact Accord Mortgages directly.

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Do Accord Mortgages or the Council of Mortgage Lenders run training Courses for the Accord Mortgages approved solicitor panel in the same way that CQS run CPD Courses for accredited firms?
No such training is arranged by the CML although they do host a number of general legal 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. Law firms on the Accord Mortgages conveyancing panel will be invited. Information about the webinar will be communicated as part of the LENDERmonitor P2 change Notifications.
Am I obliged, being on the Accord Mortgages conveyancing panel, to carry out a LMO4 search?
Accord Mortgages make no specific obligation to carry out any of the searches listed. The UK Finance Lenders’ Handbook simply states that ‘you must ensure that any other searches which may be appropriate to the particular property, taking into account its locality and other features are carried out’.

Remember that most ‘less usual searches’ (as described in the Law Society’s Conveyancing Handbook) are not optional as far as Accord Mortgages are concerned if they are ‘appropriate’. Most lenders will not require environmental searches (you should Check Part 2 of UK Finance Lenders’ Handbook to be sure), but you are obliged to explain risks and availability to the borrower.

Ground stability, Plansearch,flood searches as well as the searches listed in the question are optional – but only to the extent that you have allowed the borrower client to make an informed choice. Regardless of whether there is a mortgage, If you have not advised the client that these (and other) searches are available and what risks they cover, then you will be liable if the client suffers loss through not conducting one. Is this covered within your Terms of Engagement or Report on Title?

A leading search supplier lists over 70 property searches – do you know what all of them are and when they may be relevant? If you are unsure as to which searches are appropriate based on location call your search provider or call one of the leading search companies such as Searches UK.

I have been a solicitor for approximately 25 years with a clean claims history and have been refused acceptance on the Accord Mortgages conveyancing panel with no explanation. Am I not entitled to to know why?
For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Accord Mortgages conveyancing panel to see if you are entitled to a reason.
In carrying out leasehold due diligence do Accord Mortgages panel solicitors need to consider if there is a missing freeholder?
Assuming that your firm in is on the Accord Mortgages conveyancing panel and you are instructed by 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 Mortgages are to lend, they may require indemnity insurance. In any event,you will need to check Accord Mortgages’s specific requirements. Notwithstanding whether Accord Mortgages will lend in such circumstances you still need to advise the borrower (unless you are acting for Accord Mortgages alone) as to the risks of buying a property with an insolvent or absentee landlord.
We had our Accord Mortgages panel membership revoked but we have not yet been given an explanation yet. I am completing a CQS application form what information must I report?
In this situation please explain on the form what action you have taken to discover the reasons behind cancellation of your Accord Mortgages panel status. 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 advising you as to their reasons?
My firm is listed on the Accord Mortgages conveyancing panel and all set to complete a remortgage within the next few weeks. I can not locate a Mortgage Deed for the client to sign. Who do I contact at Accord Mortgages to obtain duplicate documents?
You need to get in touch with Accord Mortgages to obtain standard documents. The CML Handbook incorporates a specific section for lenders to set out who to contact to obtain standard documents. It is likely that you will need to disclose the firm’s Accord Mortgages solicitors panel reference.
Average number of days to register title including a charge in favour of Accord Mortgages
This information relates to purchase only and not remortgages.
2013 30.0
2012 23.7
* Data aggregated from sources including COMPLETIONmonitor

Recent Changes Include

# Date Assoc. Changes Related To
5.19.1 20/09/2018 CML
6.4.4 17/09/2018 CML
4.3 06/02/2017 CML
5.5.3a 06/02/2017 CML Lack of Planning Permission Indemnity Insurance
6.1.3 06/02/2017 CML
6.2.1 06/02/2017 CML
6.14.3 01/12/2014 CML
8.1 01/12/2014 CML
16.1.1 12/09/2014 CML
6.4.5 14/01/2014 CML

Last update 17/02/2019

Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors