Chesham Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Chesham Building Society’s changes. While using COMPLETIONmonitor is not a prerequisite for Chesham Building Society , demonstrating you can remain up to date with Chesham Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Chesham Building Society

Banks and building societies often change their requirements. The BSA instructions from Chesham Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


To find out more about lender panel compliance,

Book a Personalised Demo

Q and A’s regarding the Chesham Building Society Conveyancing Panel from members of the public

It has come to my attention via my broker that my the law firm I have appointed is not on the Chesham Building Society Solicitor panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved Chesham Building Society solicitor panel.
I am buying a newly built duplex and my lawyer is telling me that she is duty bound to reveal incentives from the seller as her practice is on the Chesham Building Society conveyancing panel. I am on a tight deadline to exchange and my preference is not to prolong the conveyancing. Is my lawyer right?
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.
Is it necessary during the course of the conveyancing process to pop into the offices of the Chesham Building Society conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Liverpool so that I can pop in to their offices if necessary.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Liverpool .
My grandfather passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Chesham Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Chesham Building Society will insist on your using a conveyancer on the Chesham Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Chesham Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Chesham Building Society mortgage is registered as a charge at the Land Registry.
Are all Conveyancing Quality Solicitors on the Chesham Building Society conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
For 5 years I had a mortgage with Chesham Building Society. My grandfather has just retired and wants to pay off the mortgage left on the property. After Chesham Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Chesham Building Society conveyancing panel? I do not intend to live at the property once the Chesham Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Chesham Building Society panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.
I can not work out if my mortgage offer requires a lease extension . I have called into my local branch Chesham Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Chesham Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for Chesham Building Society. Unless your lawyer obtains specific confirmation in writing that Chesham Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Chesham Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.