Find an Approved Solicitor on the Chelsea Building Society (a trading name of Yorkshire BS)
FAQs : The Chelsea Building Society Conveyancing Panel
I am hoping to receive a mortgage with Chelsea Building Society. I hope to employ the services of a Licensed Conveyancer. Does the Chelsea Building Society Conveyancing panel include conveyancers regulated by the CLC
Chelsea Building Society’s approved solicitor list is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My husband and I are refinancing our flat with Chelsea Building Society. We have a son 19 who lives with us. The solicitor on the Chelsea Building Society conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this document specific to the Chelsea Building Society conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Chelsea Building Society .This is solely used to protect the Chelsea Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Chelsea Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Do I have to visit the offices of the Chelsea Building Society conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bristol
so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for Chelsea Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
We're in Birmingham, FTBs purchasing with a mortgage (lender is Chelsea Building Society , but our solicitor is on the Chelsea Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Chelsea Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
We are getting a further advance on our mortgage from Chelsea Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Chelsea Building Society conveyancing panel to deal with the paperwork?
Chelsea Building Society do not ordinarily instruct firms on their approved list of lawyers 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 Chelsea Building Society panel
I was told three weeks ago that my mortgage has been agreed
to by Chelsea Building Society. Is it usual for Chelsea Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Chelsea Building Society to deal with your lawyers application to be on the Chelsea Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
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? When should I get the mortgage app going with Chelsea 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 Chelsea 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 Chelsea Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.