Chelsea Building Society Conveyancing Panel : Questions and Answers from members of the public
I need to swap lawyers as my lawyer is not on the Chelsea Building Society panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My fiance and I changing mortgage lender for our maisonette with Chelsea Building Society. We have a son 19 who lives with us. The solicitor on the Chelsea Building Society conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this document specific to the Chelsea Building Society conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Chelsea Building Society .This is solely used to protect the Chelsea Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Chelsea Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am planning to acquire a house and require a conveyancing solicitor in who is on the Chelsea Building Society conveyancing. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Chelsea Building Society . We don’t recommend any particular firm.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Chelsea Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Chelsea Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Do conveyancing lawyers on the Chelsea Building Society conveyancing panel work on a no sale no fee basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
We have a mortgage agreed in principle with Chelsea Building Society. Solicitors have been chosen? How long does it take for Chelsea Building Society to send the offer to our conveyancer
There is no definitive answer here. Have Chelsea Building Society completed the valuation? Have you advised Chelsea Building Society as your lawyers details and checked that your lawyer is on the Chelsea Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
Completion of my remortgage has taken place with a mortgage from Chelsea Building Society. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about Chelsea Building Society. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the Chelsea Building Society branches or the Customer Services Team at Chelsea Building Society head office. In most cases complaints to Chelsea Building Society are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.