Legal fees
Accord is working with a limited panel of solicitors firms for Buy to Let business. One of these firms will be automatically allocated to the case during the application process to act on behalf of Accord and the applicant will be responsible for that firm's legal costs, VAT and expenses. The applicant may choose to instruct Accord's solicitors to act on their behalf as well. This is called joint representation.
Alternatively, the applicant may instruct their own solicitor. This is called separate representation. In this case, the applicant will be responsible for the legal costs, VAT and expenses of both their own solicitor and Accord's solicitors.
Please note: All Legal Fees shown below are exclusive of VAT which must be added to the amounts shown.
Purchase Applications
| Purchase Price | Joint Representation | Separate Representation |
|---|---|---|
| Freehold | ||
| up to £250,000 | £445 | £345 |
| From £250,001 to £500,00 | £495 | £395 |
| Over £500,000 | £745 | £645 |
| Leasehold | ||
| up to £250,000 | £595 | £495 |
| From £250,001 to £500,00 | £645 | £545 |
| Over £500,000 | £895 | £795 |
Remortgage Applications - joint representation and separate representation
| Property value | Freehold | Leasehold |
|---|---|---|
| up to £250,000 | £245 | £395 |
| From £250,001 to £500,00 | £295 | £445 |
| Over £500,000 | £395 | £545 |
Remortgage applications requiring a transfer of equity - joint and separate representation
| Property Value | Joint Representation | Separate Representation |
|---|---|---|
| Freehold | ||
| up to £250,000 | £545 | £445 |
| From £250,001 to £500,00 | £595 | £495 |
| Over £500,000 | £695 | £595 |
| Leasehold | ||
| up to £250,000 | £795 | £695 |
| From £250,001 to £500,00 | £845 | £745 |
| Over £500,000 | £945 | £845 |
The fees include the approval of any existing tenancy but not the drafting of a tenancy agreement. The fees also include the cost of electronic and other ID checks and the cost of preparing a stamp duty land tax return where required. Where the property is leasehold, they also include the cost of all enquiries of the landlord and management company and the cost of preparing any required deed of covenant or transfer of a share in that company.
The fees do not include the cost of such additional matters as the preparation of a Declaration of Trust, Deed of Postponement, Deed of Variation of Lease, Deed of Release from restrictive covenants, Deed of Easement, Power of Attorney, merger on purchase of freehold reversion, enfranchisement or lease extension, or legal or administration fees for obtaining or preparing a Defective Title Indemnity Policy.,
They also do not include the cost of necessary disbursements for searches (Local, Coal Authority, Drainage, Environmental, Chancel Repair, Land Charges, Bankruptcy and Land Registry etc), fees payable to a landlord, management company or rentcharge owner for registration of notice of transfer or mortgage, telegraphic transfer fees, any indemnity insurance premium, Land Registry registration fee or stamp duty land tax.
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Accord Buy to Let is currently available for properties in England and Wales only.
Information on this site is for use by authorised intermediaries only and should not be relied upon by anyone else.
Accord Mortgages Limited is authorised and regulated by the Financial Services Authority. We are entered in the FSA register and our FSA registration number 305936. Buy to Let Mortgages are not regulated by the Financial Services Authority.
Accord Mortgages Limited is registered in England No: 2139881 Registered Office: 1 Filey Street, Bradford, BD1 5AT. Accord Mortgages is a registered Trade Mark of Accord Mortgages Limited.