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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 : The Chelsea Building Society Conveyancing Panel
I instructed a firm of solicitors to conduct the legal paperwork on my remortgage 5 weeks ago having applied for a mortgage with Chelsea Building Society. The firm reassured me that they are on Chelsea Building Society conveyancing panel and advised me their panel reference. Chelsea Building Society then told me that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the conveyancing panel for Chelsea Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Chelsea Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My nephew is buying a new build apartment with a home loan from Chelsea Building Society. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Chelsea Building Society conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Chelsea Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I require the services of a Chelsea Building Society panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a Chelsea Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Chelsea Building Society to find out which solicitors in Chelsea Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I was supposed to complete on my dream home last Friday. My lawyer’s firm is on the Chelsea Building Society conveyancing panel but has moved offices in the past couple of months and had not advised Chelsea Building Society of their new address. Chelsea 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 a rare situation indeed. 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 Chelsea Building Society branch or your mortgage broker to see if they can assist.
Last month 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 survey? 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
I have paid off my mortgage with Chelsea Building Society. I assume I don't need a solicitor on the Chelsea Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Chelsea Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Chelsea Building Society mortgage from the register. Chelsea Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Chelsea Building Society has sent the Land Registry the discharge electronically, and
the Chelsea Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Chelsea Building Society mortgage has been paid off.
Planning on purchasing a house with a mortgage with Chelsea Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Chelsea Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Chelsea Building Society conveyancing panel