Accord Mortgages Conveyancing Panel Information

We only know of a couple of lenders that operate a separate approved solicitors 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

You might expect Accord Mortgages via their Part 2 obligations to address this but the Handbook is silent on time frames. You need to look at the Terms of Accord Mortgages’s Conveyancing Panel Appointment that you are bound by. For a number of banks these Terms have a clause such as: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Accord Mortgages informed. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

Assuming that your firm in is on the Accord Mortgages conveyancing panel and you are representing 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.

12 potential conveyancing clients attempt to locate a conveyancing practitioner on the Accord Mortgages panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.

In this situation please explain on the application what steps 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 putting you on notice?

You need to communicate with Accord Mortgages to obtain standard documents. The CML Handbook has an explicit inquiry for banks to reveal who to contact to obtain standard documents. Accord Mortgages in their Part 2’s state: It is likely that you will need to quote your Accord Mortgages conveyancing panel reference.