Examples of recent questions relating to the Chesham Building Society Solicitor Panel from members of the public
Am I correct in assuming that the fact that my conveyancer is not on the Chesham Building Society Conveyancing panel that there is a problem with the standard of his work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Chesham Building Society.
I am purchasing a new build duplex and my conveyancer is informing me that she has to disclose incentives from the developer as her practice is on the Chesham Building Society conveyancing panel. I am on a tight deadline to sign contracts and I dont want to delay matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Chesham Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Chesham Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I note that you have a search directory identifying firms on the Chesham Building Society conveyancing panel. Do firms pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Chesham Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Wales, FTBs purchasing with a mortgage (lender is Chesham Building Society , but our solicitor is on the Chesham Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Chesham Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Can you point me to a directory of Chesham Building Society panel solicitors on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I am due to exchange contracts on my house. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Chesham Building Society are being problematic. The solicitor who is on the Chesham Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Chesham Building Society are requiring a building regulation certificate. Why do Chesham Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Chesham Building Society have referred the matter to their valuer. The reason why Chesham Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
After shopping around on the internet I have found a solicitor having made sure that they are on the Chesham Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
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I've read lots of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Chesham Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Chesham Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Chesham Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Chesham Building Society you could contact your them to see if they have a list of approved surveyors.