Looking for information about your firm's panel status?
The Chorley & District Building Society Conveyancing 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 BSA planning on creating a online directory to to identify solicitors on the The Chorley & District Building Society conveyancing panel ?
We have not been informed any intention on the part of the BSA to promote such a search facility .
Given my firm’s membership on the The Chorley & District Building Society conveyancing panel how long am I expected to keep hold of the original conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable
compliance with this requirement. As a firm on the The Chorley & District Building Society conveyancing panel you must allow The Chorley & District Building Society to conduct such reasonable audit of your
information security measures as The Chorley & District Building Society or their
agents may to ensure your compliance with your file retention
obligations.
Are the Council of Licensed Conveyancers taking any action to ensure that licensed conveyancers remain on lender conveyancing panels?
The CLC has begun discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as The Chorley & District Building Society in the recent past
Are there conditions,outside the BSA Mortgage Instructions, that a firm should be aware of when on the The Chorley & District Building Society conveyancing panel?
In order to be on the The Chorley & District Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily The Chorley & District Building Society) are as follows:
- To quote on all communications with us relating to deeds issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
- To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
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.
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. How can we advertise our practice as specialists in conveyancing in Hendon who can act for the borrower and The Chorley & District Building Society?
12 people search for a solicitor on the The Chorley & District Building Society panel each month in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.
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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* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
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- Draft Report on Title precedent for The Chorley & District Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for The Chorley & District Building Society panel firms to consider
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- Contractor Mortgages with The Chorley & District Building Society
