The Chorley & District Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by The Chorley & District Building Society and to assist in remaining on the The Chorley & District Building Society Solicitor Panel.

The Chorley & District Building Society Conveyancing Panel Assistance:

What are the The Chorley & District 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. The Special Requirements state:

No set panel but any firm wanting to act for CDBS must meet the specific requirements set out below.

Specific Requirements

1. Law Society or CLC member

2. Minimum of 2 partners or directors

You must also comply with the terms and conditions of your The Chorley & District Building Society solicitor panel appointment.

Do The Chorley & District Building Society or the Building Society Association run CPD seminars for the The Chorley & District Building Society approved conveyancing panel in the same way that CQS run CPD Courses for accredited firms?
This not something that the BSA would traditionally get involved with although they do arrange numerous general conveyancing related conferences which are attended by firms on the The Chorley & District Building Society conveyancing panel. We do intend to run specific lender focused seminars in the near future including a webinar on The Chorley & District Building Society’s requirements . Practitioners on the The Chorley & District Building Society conveyancing panel will be invited . Further details will be made available as part of the LENDERmonitor Alerts .
Are the Council of Licensed Conveyancers taking any action to ensure that licensed conveyancers remain on lender conveyancing panels?
The Council of Licensed Conveyancers has begun dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as The Chorley & District Building Society in recent years
What reports are available via COMPLETIONmonitor to assist my application to be on the The Chorley & District Building Society conveyancing 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 (purchase and remortgage)
  • 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. existing client )
As the nominated Compliance Officer for Legal Practice should I be thinking about SRA Handbook implications if my firm is removed off the The Chorley & District Building Society conveyancing panel?
The answer to this question really depends on the reason that your firm has been removed off the The Chorley & District Building Society conveyancing panel. The top 3 reasons are as follows:
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction.
In these three circumstances it is unlikely that you would expected to take any action. Disclosure and other compliance considerations are more likely to be relevant if the reason for removal is due to breaches of lender requirements or allegations of fraud or negligence. Whether the reasoning should trigger a disclosable 'material' breach will depend on the firm and the circumstances around possible failures to comply with the SRA Authorisation Rules, and the SRA will judge each case on its own merits. Factors such as the detriment or risk of detriment to clients, the scale of the issue and overall impact on the firm will need to be considered in deciding whether a failure is 'material'. As the compliance officer you will need systems to identify patterns of breaches. Even if you don't consider there to be regulatory implications, the firms COFA needs to consider whether he or she needs to take any action as result of being removed from the conveyancing panel of The Chorley & District Building Society.
What type of firms do building societies allow to be on their approved solicitor panel?
In the same way that there is a unique The Chorley & District Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement.

Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis.

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 The Chorley & District Building Society Solicitor Panel

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Average number of days to register title including a charge in favour of The Chorley & District Building Society
This information relates to purchase only and not remortgages.
YearDays*
2025 [no data]
2024 [no data]
2023 [no data]
2022 [no data]
2021 [no data]
2020 [no data]
* Data aggregated from sources including COMPLETIONmonitor