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Ready to buy a new home? Failing to check that a lawyer is on the Chorley & District BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the The Chorley & District Building Society Conveyancing Panel? How can my firm be reinstated onto the The Chorley & District Building Society Conveyancing Panel?Find an Approved Solicitor on the The Chorley & District Building Society Conveyancing Panel
The Chorley & District Building Society Solicitor Panel Recently Asked Questions
A solicitor my fiance and I wanted to use for conveyancing on a remortgage said he will levy higher legal fees if my lender is because of their difficult processes! Will I regret using The Chorley & District Building Society? Any comments will be appreciated
The Chorley & District Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the The Chorley & District Building Society conveyancing panel. If they are not, this does add further risk of delay as The Chorley & District Building Society will appoint their own solicitors to look after their interest.
My husband and I changing mortgage lender for our penthouse with The Chorley & District Building Society. We have a son approaching twenty who lives with us. The solicitor on the The Chorley & District Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have two questions (1) Is this form unique to the The Chorley & District Building Society conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your The Chorley & District Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to The Chorley & District Building Society .This is solely used to protect the The Chorley & District Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of The Chorley & District Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I require the services of a The Chorley & District Building Society panel solicitor in Inverness. Can you assist?
It is not clear why you need a The Chorley & District 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 The Chorley & District Building Society to find out which solicitors in The Chorley & District 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
My aunt passed away six 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 have the title changed 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.
Can I be sure that the solicitor on the The Chorley & District Building Society panel is any good?
seeking recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer conducting your transaction
Why might a lender such as The Chorley & District Building Society withdraw a mortgage offer?
Lenders such as The Chorley & District Building Society can revoke their mortgage offer although this rarely happens. should The Chorley & District Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a number of examples:
- Where information comes to The Chorley & District Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
- If the financial circumstances of the borrower have changed to the detriment and the The Chorley & District Building Society has been notified
- If the borrower informs The Chorley & District Building Society of a change in security address
- Where the Lender’s right to possession is fettered in some way
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
I was told two 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?
Mortgage companies tend not to not issue an offer 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.