Examples of recent questions relating to the The Chorley & District Building Society Conveyancing Panel from members of the public
Is the fact that my solicitor is not on the The Chorley & District 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 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 The Chorley & District Building Society.
Our conveyancer has identified a problem with the lease for the flat we are purchasing. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the The Chorley & District Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or The Chorley & District Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and The Chorley & District Building Society are the client. A precondition to being on the The Chorley & District Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on The Chorley & District Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that The Chorley & District Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How do I search for a local solicitor on the The Chorley & District Building Society conveyancing panel? I have a car and am prepared to travel up to 10 miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the The Chorley & District Building Society solicitor panel.
I am trying to get my ex-husband removed the mortgage deeds. Can The Chorley & District Building Society really tell me which solicitor I can or can not retain?
You can use any solicitor you like but The Chorley & District Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the The Chorley & District Building Society solicitors panel
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. The Chorley & District Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with The Chorley & District Building Society your lawyer must to check the The Chorley & District Building Society conveyancing instructions contained in the Part of CML Handbook for The Chorley & District Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to The Chorley & District Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
I am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, The Chorley & District Building Society are being a right pain. The solicitor who is on the The Chorley & District Building Society conveyancing panel is saying indemnity insurance will be fine but The Chorley & District Building Society are insisting on a building regulation certificate. Why do The Chorley & District Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that The Chorley & District Building Society have referred the matter to their valuer. The reason why The Chorley & District 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.
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.