Frequently asked questions relating to the The Chorley & District Building Society Conveyancing Panel from members of the public
I have just been informed by my estate agent that my the law firm I have appointed is not on the The Chorley & District Building Society Solicitor panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for The Chorley & District Building Society.
Our solicitor has uncovered a legal deficiency with the lease for the apartment we are buying. The other side have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the The Chorley & District Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is 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.
I am buying a flat and need a conveyancing solicitor in Liverpool who is on the The Chorley & District Building Society approved. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for The Chorley & District Building Society . We don’t recommend any particular firm.
My grandfather passed away 10 months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to The Chorley & District Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then The Chorley & District Building Society will insist on your using a conveyancer on the The Chorley & District Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your The Chorley & District Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the The Chorley & District Building Society mortgage is registered as a charge at the Land Registry.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called The Chorley & District Building Society on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the The Chorley & District Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for The Chorley & District Building Society. Unless your lawyer obtains specific confirmation in writing that The Chorley & District Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask The Chorley & District Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I was told four weeks ago that my mortgage has been agreed
to by The Chorley & District Building Society. Is it usual for The Chorley & District Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for The Chorley & District Building Society to deal with your lawyers application to be on the The Chorley & District Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
My offer on house has been 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 should be my next step? At what point should I appy for the mortgage with The Chorley & District 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 The Chorley & District 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 The Chorley & District Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.