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approved by Bluestone Mortgages
Ready to buy a new home? Failing to check that a lawyer is on the Bluestone Mortgages 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 Bluestone Mortgages Conveyancing Panel? How can my firm be reinstated onto the Bluestone Mortgages Conveyancing Panel?Find an Approved Solicitor on the Bluestone Mortgages Conveyancing Panel
Examples of recent questions relating to the Bluestone Mortgages Solicitor Panel
My mortgage broker has says he needs my law firm’s panel member for the Bluestone Mortgages conveyancing panel. How do I find this out. I have contacted my local Bluestone Mortgages office but they cant find it on their system.
the sensible thing to do is ask for this information from your solicitor. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Bluestone Mortgages.
Our lawyer has identified a legal deficiency with the lease for the property we are buying. The other side have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the Bluestone Mortgages conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Bluestone Mortgages?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Bluestone Mortgages are the client. A precondition to being on the Bluestone Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bluestone Mortgages). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Bluestone Mortgages can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How up to date is your search tool for the Bluestone Mortgages conveyancing panel? Do Bluestone Mortgages send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Bluestone Mortgages conveyancing panel as opposed to being supplied with a list from Bluestone Mortgages directly.
I was due to move into my first house last Thursday. My lawyer’s firm is on the Bluestone Mortgages solicitors panel but has changed address in the past couple of months and had not advised Bluestone Mortgages of their new address. Bluestone Mortgages has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most 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 Bluestone Mortgages branch or your mortgage broker to see if they can assist.
Are all solicitor firms on the Bluestone Mortgages conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Bluestone Mortgages 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).
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Bluestone Mortgages on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Bluestone Mortgages conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Bluestone Mortgages. Unless your lawyer obtains specific confirmation in writing that Bluestone Mortgages will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Bluestone Mortgages to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I am selling my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Bluestone Mortgages are being difficult. The solicitor who is on the Bluestone Mortgages conveyancing panel is recommending indemnity insurance as a solution but Bluestone Mortgages are insisting on a building regulation certificate. Why do Bluestone Mortgages have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Bluestone Mortgages have referred the matter to their valuer. The reason why Bluestone Mortgages may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
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Transfer of Equity for Bluestone MortgagesPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors