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

Can a practice submit a complaint to the Council of Mortgage Lenders about being removed from the Accord Mortgages conveyancing panel?
The CML is an association rather than a regulator and therefore will not investigate grievances against lenders. You can of course contact Lexsure to see if we can assist.

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Accord Mortgages have asked me to represent them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the Accord Mortgages conveyancing panel) How will this work and are there different instructions from Accord Mortgages in this circumstance?
The CML, together with Accord Mortgages and other stakeholders created a standard set of requirements where a conveyancer is acting for a lender such as Accord Mortgages alone in a residential conveyancing transaction. These obligations 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 use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel conveyancer.
Do you have any idea what Lenders such as Accord Mortgages are asking for when it comes to applying to be on their approved solicitor list?
Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Accord Mortgages conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
  • Full disciplinary history for each conveyancing solicitor
  • Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
  • List of all those who can sign off the Certificate Of Title
  • and Conveyancing Quality Scheme
  • Automated alerting to inform lenders when there is a fundamental change to the firm (e.g. change of ownership)
  • List of all those who fund the firm, including non-lawyers if applicable
  • House price discrepancies (declared to lender vs. registered at Land Registry)
  • Full complaints history for each conveyancing solicitor
  • Number of partners per branch of the firm
  • Solicitor
  • My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of bank panels including the Accord Mortgages conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Am I supposed to mention these Conditions ?
    The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Accord Mortgages conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
    My firm has just been advised that it’s Accord Mortgages panel membership suspended but we have not yet been given an explanation yet. I am completing a CQS renewal questionnaire what information should I put forward?
    In the circumstances please clarify on the form 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?
    Our practice is 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 get a duplicate Deed?
    You need to get in touch with Accord Mortgages to obtain standard documents. The CML Handbook has a specific inquiry for banks to reveal who to contact to obtain standard documents. You will need to quote the firm’s Accord Mortgages conveyancing 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
    10.3 17/09/2018 CML
    5.14.1 05/09/2017 CML
    12.3.1 06/02/2017 CML
    4.3 06/02/2017 CML
    5.15.2a 06/02/2017 CML
    6.6.1 06/02/2017 CML
    16.5.3b 01/12/2014 CML
    6.7.1 01/12/2014 CML
    5.2.1 01/12/2014 CML
    5.8.1 14/01/2014 CML

    Last update 19/11/2018

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