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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.

Find an Approved Solicitor on the Bluestone Mortgages Conveyancing Panel

Bluestone Mortgages Conveyancing Panel Example Support Desk Enquires

Is the fact that my solicitor is not identified on the Bluestone Mortgages Conveyancing panel that there is a problem with the quality of his 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 Bluestone Mortgages.
We are nearing an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Bluestone Mortgages. I am advised that, being on the Bluestone Mortgages conveyancing panel and acting on their behalf he must inform Bluestone Mortgages if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Bluestone Mortgages to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Bluestone Mortgages if you agree, failing which, your lawyer must cease to continue acting.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Bluestone Mortgages solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Bluestone Mortgages Solicitor panel prior to completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Planning on purchasing a flat 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
I have instructed a lawyer having checked that they are on the Bluestone Mortgages conveyancing panel. Does my lawyer arrange the survey of the property? Or Having digested plenty of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Bluestone Mortgages conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Bluestone Mortgages will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bluestone Mortgages will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Bluestone Mortgages you could contact your them to see if they have a list of approved surveyors.
Next month my fiance and I are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My brokeradvised that we double-check that the conveyancing practitioner in Hendon is on the Bluestone Mortgages approved list of lawyers. Is this right?
Far from all Hendon conveyancing solicitors are on the Bluestone Mortgages conveyancing panel. 8 people a month use our search tool to find a Hendon conveyancing practitioner on the on the Bluestone Mortgages list of approved conveyancing firms.