Chesham Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Chesham Building Society’s changes. While utilising the software is not a prerequisite for Chesham Building Society , demonstrating you can stay up to date with Chesham Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel status.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

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, over time:

A Timeline of Policy Changes


To find out more about lender panel compliance,

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Chesham Building Society Solicitor Panel Recently Asked Questions from members of the public

Am I correct in assuming that the fact that my conveyancer is not isted on the Chesham Building Society Solicitor panel that there is a problem with the standard of her work?
It would not be wise to jump to that conclusion. 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.
Our solicitor has discovered a defect with the lease for the flat we are buying. The other side have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the Chesham Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Chesham Building Society?
Just because you have a mortgage offer from Chesham Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Chesham Building Society are the client. These conveyancing instructions have to be complied with by the Chesham Building Society conveyancing panel who has to balance acting for you and Chesham Building Society
Is it necessary during the course of the conveyancing process to visit the offices of the Chesham Building Society conveyancing panel solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Manchester so that I can attend their offices when needed.
As opposed to twenty 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 Manchester .
What happens if my lawyer’s firm is suspended from the Chesham Building Society Conveyancing panel prior to the completion date?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Chesham Building Society conveyancing panel requirements are different to Chesham Building Society’s conveyancing panel requirements.
I have paid off my mortgage with Chesham Building Society. I assume I don't need a solicitor on the Chesham Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Chesham Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Chesham Building Society mortgage from the register. Chesham Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Chesham Building Society has sent the Land Registry the discharge electronically, and the Chesham Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Chesham Building Society mortgage has been paid off.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Chesham Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Chesham Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Chesham Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.