The Chorley & District Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on The Chorley & District Building Society’s changes. Notwithstanding that using the tool is not a prerequisite for The Chorley & District Building Society , demonstrating you can remain up to date with The Chorley & District Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by The Chorley & District Building Society

Banks and building societies often vary their requirements. The BSA instructions from The Chorley & District 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


Since 2010, The Chorley & District Building Society has made 57 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 47.9 days. In total, 17% of the sections of the BSA Requirements for The Chorley & District Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
D.13 23/11/2018 BSA
Conveyancing Searches: Personal Searches and/or insurance
The Chorley & District Building Society approved lawyers clarification as to whether they accept personal searches/insurance and, if yes, the The Chorley & District Building Society requirements
D.55 26/09/2016 BSA
Shared Ownership and Shared Equity
The Chorley & District Building Society requirements for approved lawyers for lending on affordable housing, shared equity and shared ownership properties
E.12 21/03/2016 BSA
Mortgage Advance Mechanics
Details as to how The Chorley & District Building Society pay the mortgage advance to conveyancing panel lawyers
B.13 27/11/2012 BSA
ID Documentation
The Chorley & District Building Society approved lawyers requirements re ID Documentation: Further acceptable documents (if any)
C.10 27/11/2012 BSA
Tenancy Agreements
Does The Chorley & District Building Society need to be sent a copy of the proposed tenancy?
C.19 27/11/2012 BSA
Roads and Sewers
The Chorley & District Building Society requirements for approved lawyers for unadopted roads or sewers
D.32 27/11/2012 BSA
Commonhold
The Chorley & District Building Society panel lawyers clarification as to whether they lend where the title is commonhold
E.10 27/11/2012 BSA
Conveyancing : retenions by mortgage company
The Chorley & District Building Society clarification to approved lawyers clarification as to who they release retentions (or instalments of the advance) to
D.24 27/11/2012 BSA
Flying Freeholds and Freehold Flats
The Chorley & District Building Society approved lawyers clarification as to whether they lend on flying freeholds and freehold flats
A.12 27/11/2012 BSA
Conveyancing Panel
The Chorley & District Building Society conveyancing panel criteria

Last update 16/01/2020

The Chorley & District Building Society Conveyancing Panel : Questions and Answers from members of the public

On what basis could a firm of solicitors be removed from the The Chorley & District Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The most common reasons in order 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. We are not aware of the specific or common criteria for removal by The Chorley & District Building Society
I am due to complete my purchase next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for The Chorley & District Building Society. What risks do The Chorley & District Building Society expect the insurance to cover?
Any lawyer on the The Chorley & District 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 The Chorley & District Building Society’s Part 2 requirements of the CML Handbook (last updated on The Chorley & District Building Society). Being on the The Chorley & District Building Society conveyancing panel your lawyer is expect to follow these instructions.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the The Chorley & District Building Society conveyancing panel. My lawyer has said that they are on the The Chorley & District Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the The Chorley & District Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the The Chorley & District Building Society solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the The Chorley & District Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the The Chorley & District Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
is it true that all solicitor practices on the The Chorley & District Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the The Chorley & District Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I currently have a mortgage with with The Chorley & District Building Society. Conveyancing has been completed 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 buy-to-let mortgage or inform The Chorley & District Building Society?
The Chorley & District Building Society must be informed of your intention before letting out 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 permit you to let 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.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, The Chorley & District Building Society are being pedantic. The solicitor who is on the The Chorley & District Building Society conveyancing panel is recommending indemnity insurance as a solution but The Chorley & District Building Society are requiring 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.