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approved by Chelsea BS
Ready to buy a new home? Failing to check that a lawyer is on the Chelsea BS list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Chelsea Building Society (a trading name of Yorkshire BS) Conveyancing Panel
Q and A’s regarding the Chelsea Building Society Solicitor Panel
Much to my surprise I have been told by my IFA that my property lawyer is not on the Chelsea Building Society Solicitor panel. How can I check?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Chelsea Building Society.
We are only a couple days away from an exchange and my mum and dad 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 make a notification to my lender Chelsea Building Society. Apparently, being on the Chelsea Building Society conveyancing panel and acting on their behalf he must inform Chelsea Building Society if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Chelsea 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 Chelsea Building Society if you agree, failing which, your lawyer must cease to continue acting.
Are there any apps to help search for a local solicitor on the Chelsea Building Society conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the lawyer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Chelsea Building Society solicitor panel.
I would like to get my ex-husband removed the mortgage deeds. Can Chelsea Building Society really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Chelsea Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Chelsea Building Society solicitors panel
Two weeks ago we had a mortgage agreed in principle with Chelsea Building Society. Solicitors have been chosen? How long does it take for Chelsea Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have Chelsea Building Society completed the valuation? Have you advised Chelsea Building Society as your lawyers details and checked that your lawyer is on the Chelsea Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
Is it common for Chelsea Building Society to withdraw a mortgage offer and what would be the reasoning?
Banks and Building Societies such as Chelsea Building Society can withdraw their mortgage offer although this rarely happens. should Chelsea 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 few examples:
- If the borrower informs Chelsea Building Society of a change in security address
- Where to proceed with the Mortgage offer would be unlawful
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- 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;
- If the solicitor on the Chelsea Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Chelsea Building Society ‘s instructions
I can not work out if my mortgage offer requires a lease extension . I have called Chelsea Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Chelsea Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Chelsea Building Society panel she or he must comply with the CML Handbook requirements for Chelsea Building Society. Unless your lawyer obtains specific confirmation in writing that Chelsea Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Chelsea Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.