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 Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Chesham Building Society’s changes. While using the software is not a condition for acceptance on the Chesham Building Society panel, 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 panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Chesham Building Society

Mortgage companies frequently 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,

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Chesham Building Society Conveyancing Panel : Questions and Answers from members of the public

Am I correct in assuming that the fact that my solicitor is not on the Chesham Building Society Conveyancing 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 top 3 reasons are as follows: (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 due to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Chesham Building Society. What does the insurance need to cover?
Any lawyer on the Chesham Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Chesham Building Society’s Part 2 requirements of the CML Handbook (last updated on Chesham Building Society). Being on the Chesham Building Society conveyancing panel your lawyer is expect to follow these requirements.
I am purchasing a property and require a conveyancing solicitor in who is on the Chesham Building Society solicitor. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Chesham Building Society . We don’t recommend any particular firm.
My lawyers in London have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Chesham Building Society. Is it case that being on the Chesham Building Society conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Chesham Building Society Conveyancing Panel Terms. It might be worth you contacting Chesham Building Society directly.
I have today made my last payment due on 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. Please confirm
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.
I am selling my apartment. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Chesham Building Society are being problematic. The solicitor who is on the Chesham Building Society conveyancing panel is recommending indemnity insurance as a solution 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.
My ex -wife’s name is on the Chesham Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Chesham Building Society mortgage in order to sell?
In terms of the Chesham Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Chesham Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.