Looking for information about your firm's panel status?
Chesham Building Society Conveyancing Panel Information:
What are the Chesham Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
You must also comply with the terms and conditions of your Chesham Building Society solicitor panel appointment.
Are Chesham Building Society Conveyancing panel solicitors exposed to the possibility of the society altering or retracting the mortgage offer?
Chesham Building Society addresses this at section B.3 of their BSA specific requirements
A long standing client of my firm is buying a semi detached house for
£835,250 in Mill Hill with a mortgage over GBP 440,000.
I am on the Chesham Building Society conveyancing panel but do Chesham Building Society have a separate approved panel when a mortgage is above 300,000?
Lexsure only know of two or three lenders that operate a distinct conveyancing panel where the mortgage advance is over a certain threshold.
You should nevertheless check directly with Chesham Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
Chesham Building Society
Why has the Building Society Association introduced differing instructions from the CML?
The BSA introduced it’s Mortgage Instructions in 2010 to ensure that licensed conveyancers or solicitors on a building society conveyancing panel had full access to a complete set of standardised mortgage instructions.
What information is available via COMPLETIONmonitor to assist my appeal to be reinstated on the Chesham Building Society solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (broken down into sale)
- Average mortgage advance
- Buy to Let transactions
- Disclosure to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. seen in person)
My firm is on the Chesham Building Society conveyancing panel. I am
dealing with Chesham Building Society mortgage on a purchase. My
borrower client is asking not to disclose an issue to Chesham Building Society. What do I do in this conflict situation?
When a solicitor is acting for both Chesham Building Society and
borrower there is potential for conflicts to arise. You owe duties to
both clients. All information received by you from your client is
confidential and cannot be disclosed without the client’s consent.
In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for Chesham Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Chesham Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Chesham Building Society conveyancing panel status.
I rarely receive a copy of a valuation from a lender these days. Does the extent of my Chesham Building Society conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with Chesham Building Society as the Mortgagee?
You have a number of obligations in this regard which are to be followed if you wish to comply with your lender client’s instructions as set out in the BSA Mortgage Instructions. First, You must take reasonable steps to verify that there are no discrepancies between the description of the property as compared to their old address.
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Chesham Building Society Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Chesham Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Chesham Building Society Firms
- Draft Report on Title precedent for Chesham Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Chesham Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Chesham Building Society lender panel
- Buy-to-Let help for Chesham Building Society
- Consent-to-Let help for Chesham Building Society
- Contractor Mortgages with Chesham Building Society
