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.

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The Chorley & District Building Society Solicitor Panel Information:

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.

Are The Chorley & District Building Society Conveyancing panel lawyers at risk of the society altering or retracting the loan offer?

The Chorley & District Building Society ‘s answer to this question can be found at section B.3 of their BSA Mortgage Instructions which states:

Any incentive, or third party involvement, of which we were previously unaware. Any material change in borrower’s circumstance between offer and completion

My client is looking to acquire a semi detached house for £825k in Cheshire requiring a mortgage advance over GBP 525k. I am on the The Chorley & District Building Society conveyancing panel but do The Chorley & District Building Society have a separate approved panel when a mortgage is above 350k?

Lexsure only know of a couple of banks that operate a distinct approved solicitors panel where the mortgage advance is over a certain amount. You should nevertheless check directly with The Chorley & District 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 The Chorley & District Building Society

I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with BSA Mortgage Instructions. I am on the The Chorley & District Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by The Chorley & District Building Society during 2013?

During this period 15 sections of the BSA Mortgage Instructions were changed by The Chorley & District Building Society. Some changes are more important than others but as a firm on the The Chorley & District Building Society conveyancing panel you are of course obliged to comply with individual lender requirements. Locktons have recently pointed out in an article that non-compliance with lender requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: BSA requirements are not guidelines; they are the lender client’s instructions.

My firm is on the The Chorley & District Building Society conveyancing panel. I am dealing with The Chorley & District Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to The Chorley & District Building Society. What do I do in this conflict situation?

When a solicitor is acting for both The Chorley & District 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 The Chorley & District Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform The Chorley & District 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 The Chorley & District Building Society conveyancing panel status.

Are figures published disclosing the The Chorley & District Building Society conveyancing panel size as well as the number of conveyancing firms dismissed each year?

With banks and solicitors working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the The Chorley & District Building Society conveyancing panel but for all mortgage panel listings

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:

I am a partner in a CQS firm on the The Chorley & District Building Society conveyancing panel. Do you have ideas as to how we can market our practice as specialists in conveyancing in Hendon authorised to act forThe Chorley & District Building Society?

12 consumers search for a conveyancing practitioner on the The Chorley & District Building Society panel on a monthly basis in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be listed by those searching for conveyancing in Hendon.

Find a Lawyer on the The Chorley & District Building Society Solicitor Panel

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.

Year	Days*
2023	[no data]
2022	[no data]
2021	[no data]
2020	[no data]
2019	[no data]
2018	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors