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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
FAQs : The Bluestone Mortgages Conveyancing Panel
For what reasons would a law firm be excluded from the Bluestone Mortgages solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed 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 Bluestone Mortgages
Please help. My lawyer is assuring me that he has to apply for a Local Authority search stemming from the fact that the firm are on the Bluestone Mortgages approved lawyer panel. Do I not have a choice here?
You have limited options available to you. As you are taking a mortgage with Bluestone Mortgages your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Bluestone Mortgages’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Bluestone Mortgages. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a search directory identifying solicitors on the Bluestone Mortgages conveyancing panel. Do firms pay you a commission if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Bluestone Mortgages conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My grandfather passed away last year and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Bluestone Mortgages , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Bluestone Mortgages will insist on your using a conveyancer on the Bluestone Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bluestone Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bluestone Mortgages mortgage is registered as a charge at the Land Registry.
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 Bluestone Mortgages conveyancing panel requirements are different to Bluestone Mortgages’s conveyancing panel criteria.
I have paid off my mortgage with Bluestone Mortgages. I assume I don't need a solicitor on the Bluestone Mortgages panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Bluestone Mortgages 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 Bluestone Mortgages mortgage from the register. Bluestone Mortgages,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 Bluestone Mortgages has sent the Land Registry the discharge electronically, and
the Bluestone Mortgages has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Bluestone Mortgages mortgage has been paid off.
Planning on purchasing a house with a mortgage with Bluestone Mortgages. 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 Bluestone Mortgages 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 Bluestone Mortgages conveyancing panel
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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