Chelsea Building Society Conveyancing Panel Sample Enquires to our Call Center from members of the public
The lawyer my husband and I wanted to use for conveyancing on a purchase said she will levy higher legal fees if my mortgage is with Chelsea Building Society due to their unusual legal requirements. Am I likely to be frustrated using Chelsea Building Society? Is Chelsea Building Society conveyancing so much more difficult?
Chelsea Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Chelsea Building Society conveyancing panel. If they are not, this does add further risk of delay as Chelsea Building Society will appoint their own solicitors to look after their interest.
can you help? My conveyancer is advising me that she is duty-bound to order a Local Authority search stemming from the fact that the firm are on the Chelsea Building Society solicitor panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Chelsea Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Chelsea Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Chelsea Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a post code search directory listing solicitors on the Chelsea Building Society conveyancing panel. Do firms pay you a referral fee if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Chelsea Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am purchasing a new build flat and getting a mortgage with Chelsea Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Chelsea Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Chelsea Building Society conveyancing panel in your location.
Can I be sure that the solicitor on the Chelsea Building Society panel is any good?
obtaining recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your transaction
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Chelsea Building Society. Is it possible to avoid using solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Chelsea Building Society involved you will need to appoint a solicitor on the Chelsea Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Chelsea Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Chelsea Building Society conveyancing panel.
I am about to exchange contracts on a purchase with a mortgage from Chelsea Building Society. The report from my solicitor mentions that Chelsea Building Society could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Chelsea Building Society can withdraw their mortgage offer although this is unusual. In the unlikely event that Chelsea Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are many potential reasons but here are a number of examples:
- Chelsea Building Society may amend or withdraw an offer if the Chelsea Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- If the borrower informs Chelsea Building Society of a change in the loan amount agreed
- Where to proceed with the Mortgage offer would be unlawful
- Following advice from the property assessor on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- Where the lender has to take account a recent change in law