The Chorley & District Building Society Conveyancing Panel Sample Enquires to our Call Center
from members of the public
For what reasons could a firm of solicitors be excluded from the The Chorley & District Building Society approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by The Chorley & District Building Society
My son-in-law is about to exchange on a house that has just been built with a home loan from The Chorley & District Building Society. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the The Chorley & District Building Society conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the The Chorley & District Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Whilst your website is a good idea there are many lawyers listed near Chelsea on the The Chorley & District Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for The Chorley & District Building Society ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My solicitors in Newcastle have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with The Chorley & District Building Society. Is it case that being on the The Chorley & District Building Society conveyancing panel they need to have retained the file for a number of years?
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 The Chorley & District Building Society Conveyancing Panel Terms. It might be worth you contacting The Chorley & District Building Society directly.
I currently have a mortgage with with The Chorley & District Building Society. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform The Chorley & District Building Society?
Your original mortgage agreement with The Chorley & District Building Society will provide that you need their approval prior to renting your property as this is likely to be a breach of The Chorley & District Building Society’s mortgage conditions. It may be that The Chorley & District Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact The Chorley & District Building Society directly. You need not do this via a The Chorley & District Building Society conveyancing panel solicitor.
The for formalities of my purchase has taken place with a loan from The Chorley & District Building Society. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about The Chorley & District Building Society. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the The Chorley & District Building Society branches or the Customer Services Team at The Chorley & District Building Society head office. We understand that complaints to The Chorley & District Building Society are resolved very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
The Chorley & District Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up The Chorley & District Building Society or your broker and complete any relevant paperwork. The Chorley & District Building Society will tell you what documents they want. The Chorley & District Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. The Chorley & District Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.