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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
FAQs for the Chelsea Building Society Solicitor Panel
For what reasons would a firm of solicitors be excluded from the Chelsea Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Chelsea Building Society
I am due to move into my new home next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Chelsea Building Society. What risks do Chelsea Building Society expect the insurance to cover?
Any lawyer on the Chelsea Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Chelsea Building Society’s Part 2 requirements of the CML Handbook (last updated on Chelsea Building Society). Being on the Chelsea Building Society conveyancing panel your lawyer is expect to follow these instructions.
I am purchasing a property and require a conveyancing solicitor in Newcastle who is on the Chelsea Building Society approved. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Chelsea Building Society . We don’t recommend any particular firm.
We're in Birmingham, First time buyers buying with a mortgage (lender is Chelsea Building Society , but our lawyer 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
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Chelsea Building Society conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
The for formalities of my remortgage has taken place with a mortgage from Chelsea Building Society. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Chelsea Building Society. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the Chelsea Building Society branches or the Customer Care Department at Chelsea Building Society head office. Ordinarily complaints to Chelsea Building Society are sorted out very quickly. If you feel that the matter is not resolved you can write to the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
After much negotiation I have agreed a price on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Chelsea Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Chelsea Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.