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approved by Chorley & District BS
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
Frequently asked questions relating to the The Chorley & District Building Society Conveyancing Panel
Is there a reason why all UK lawyers aren't included on the The Chorley & District Building Society Solicitor panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
We are nearing an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender The Chorley & District Building Society. I am advised that, being on the The Chorley & District Building Society conveyancing panel and acting on their behalf he must inform The Chorley & District Building Society if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with The Chorley & District Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to The Chorley & District Building Society if you agree, failing which, your lawyer must cease to continue acting.
I am looking to buy a house and need a conveyancing solicitor in London who is on the The Chorley & District Building Society solicitor. Could you point me in the right direction as regards a solicitor?
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.
What happens if my lawyer’s firm is suspended from the The Chorley & District Building Society Conveyancing panel prior to the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My wife and I have arranged a further advance on our mortgage from The Chorley & District Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the The Chorley & District Building Society conveyancing panel to deal with the paperwork?
The Chorley & District Building Society do not ordinarily instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the The Chorley & District Building Society list
I am due to exchange contracts on my flat. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, The Chorley & District Building Society are being pedantic. The solicitor who is on the The Chorley & District Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance 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.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. 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.