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approved by Chorley & District BS
Ready to buy a new home? Failing to check that a lawyer is on the Chorley & District BS list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?How does my firm apply to be on the The Chorley & District Building Society Conveyancing Panel? How can my firm be reinstated onto the The Chorley & District Building Society Conveyancing Panel?
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FAQs : The The Chorley & District Building Society Solicitor Panel
Is the fact that my conveyancer is not identified on the The Chorley & District Building Society Conveyancing panel that there is a problem with the standard of her conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender 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 (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for The Chorley & District Building Society.
I am buying a newly constructed duplex and my solicitor is informing me that she is duty bound to disclose incentives from the seller as her practice is on the The Chorley & District Building Society conveyancing panel. I am under pressure to sign contracts and I have no desire to delay deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the The Chorley & District Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on The Chorley & District Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Whilst your website is a good idea there are many lawyers listed near London on the The Chorley & District Building Society conveyancing panel. Can you recommend a specific firm on the The Chorley & District Building Society approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I was due to complete on my dream home two days ago. My solicitor is on the The Chorley & District Building Society solicitors panel but has changed address 8 weeks ago and had not advised The Chorley & District Building Society of their new address. The Chorley & District Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local The Chorley & District Building Society branch or your mortgage broker to see if they can assist.
Is it the case that all conveyancing lawyers on the The Chorley & District Building Society conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
Are all solicitors on the The Chorley & District Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the The Chorley & District Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the The Chorley & District Building Society conveyancing panel requirements are different to The Chorley & District Building Society’s conveyancing panel criteria.