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Remortgage Legal Service

We've teamed up with Legal Marketing Services Limited (LMS) to offer Remortgage products with an included legal service.

The service offers remortgage legal work from a carefully selected range of legal advisers from all over the UK, including Northern Ireland. We'll pay the legal fees for a standard remortgage; however, any fees relating to any non-standard work will be payable by your client.

The benefits

  • LMS will select the legal adviser from a network of carefully chosen solicitors & licenced conveyancers.
  • Case tracking (for you) – log onto LMS Case Progress check.
  • Interactive case management (for your client) – you client will be provided with access to LMS ‘Track my case’ which will allow them to :
  • Complete the initial questionnaire online
  • View the progress of their transaction
  • Access and upload documentation
  • Live chat with LMS
  • Request a call back
  • Streamlined service: easy to use for you and your client
  • Product choice: Check out our Residential Product Finder tool or Buy to Let Product Finder tool to select a product with the Remortgage Legal Service to suit your client.

Key information

  • Available for freehold and leasehold properties.
  • Only registered properties subject to one charge qualify.
  • The legal adviser acts for Accord Mortgages only. If your client requires any legal advice, they should appoint their own legal adviser.

How it works

  1. You select a product with the included Remortgage Legal Service during our online application process.
  2. We'll notify LMS to instruct the solicitor on receipt of your fully completed mortgage application form.
  3. LMS contact your client(s) to introduce themselves and let them know how the process will work. They will also collect information over the phone where possible in order to speed up the process.
  4. A welcome pack is sent to your client(s). This will include any documentation that needs to be completed and returned so that the transaction can proceed.
  5. Providing your client(s) respond promptly and no additional legal work is required over and above that needed for a standard remortgage, completion will follow quickly after we’ve issue a mortgage offer. A standard remortgage takes on average 25 working days to complete from receipt of the mortgage offer (excluding Northern Ireland).

Q&A

Q. What is included in the Remortgage Legal Service?

A. We will pay the legal fees associated with a standard remortgage for your clients for both freehold and leasehold properties.

Typical exclusions include:

  • HM Land Registry fee above £40 to register the property if it is not registered. Accord will pay the first £40.
  • Deed of postponement fee where there is a second charge on the property.
  • Transfer of Equity fee.
  • Landlord/management company Notice of Mortgage fee
  • Dealing with any restrictions on the Title

This list is not exhaustive; your client should ensure they read their paperwork carefully and are clear about any fees payable.

Q. What happens if the case requires additional work to that required in a standard remortgage case?

A. Your client will be contacted by the solicitor and advised of the additional work and costs. Your client can then decide whether or not to proceed.

Q. Do I get paid for using the Remortgage Service via Accord LMS?

A. You will receive your usual procuration fee, however, to keep the product rate competitive there is no additional payment for using this service. The benefits to you are a fast, straightforward service to you and your client.

Q. How are the solicitors paid?

A. Accord pays the solicitors directly on behalf of your client(s) for standard remortgage cases. Any additional costs incurred will be invoiced to your client(s).

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