FAQs : The Chesham Building Society Conveyancing Panel
from members of the public
I instructed a firm of solicitors to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with Chesham Building Society. The solicitors assured me that they are on Chesham Building Society conveyancing panel and advised me their panel number. Chesham Building Society then told me that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm currently on the conveyancing panel for Chesham Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Chesham Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Chesham Building Society was issued random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My solicitor says that as she is on the Chesham Building Society conveyancing panel she needs to reorder the searches as they are no longer valid.
A precondition to being on the Chesham Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Chesham Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Chesham Building Society.
I require the services of a Chesham Building Society panel solicitor in Inverness. Can you assist?
It is not clear why you need a Chesham Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Chesham Building Society to find out which solicitors in Chesham Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am considering applying for a Chesham Building Society mortgage for purchase of a newly converted (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Chesham Building Society?
In theory, you could use a solicitor that is not on Chesham Building Society conveyancing panel, but Chesham Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is there a list 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.
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.
At last I have had an offer on an apartment accepted, but there is a chain. 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.