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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?Is my firm on the Bluestone Mortgages Conveyancing Panel? 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
Frequently asked questions relating to the Bluestone Mortgages Conveyancing Panel
My Solicitor has never been on on the Bluestone Mortgages Solicitor Panel. Can I still continue with my family solicitor even though they are not on the Bluestone Mortgages list of approved lawyers?
You have a number of options available to you here:
- Complete the purchase with your existing solicitors but Bluestone Mortgages will need to instruct a lawyer on the Bluestone Mortgages conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Bluestone Mortgages conveyancing panel.
- Urge your lawyer to apply to join the Bluestone Mortgages lender panel
My solicitor has spotted a difference when comparing the information in Bluestone Mortgages’s valuation report and what is revealed within the legal papers for the property. My lawyer informs me that as he is on the Bluestone Mortgages conveyancing panel he is obliged to ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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.
What tools are available to search for a local solicitor on the Bluestone Mortgages conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the solicitor.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Bluestone Mortgages solicitor panel.
Please explain the implications if my lawyer’s firm is suspended from the Bluestone Mortgages Solicitor panel before the completion date?
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 at a cost.
I previously instructed online solicitors based in Manchester who are on the Bluestone Mortgages solicitor panel. They are now charging me a separate fee of £175 for dealing with the Bluestone Mortgages mortgage. Is this a supplemental conveyancing fee specified by Bluestone Mortgages?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Bluestone Mortgages but by your lawyers. Some firms on the Bluestone Mortgages will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Is it common for Bluestone Mortgages to withdraw a mortgage offer and what would be the reasoning?
Lenders such as Bluestone Mortgages can withdraw their mortgage offer although this is unusual. If Bluestone Mortgages withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are 5 examples:
- Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
- Where the sale is not at arms length for value to unconnected persons
- Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
- Where the Lender’s right to possession is fettered in some way
- If the solicitor on the Bluestone Mortgages conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Bluestone Mortgages ‘s instructions
My ex -wife’s name is on the Bluestone Mortgages mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Bluestone Mortgages mortgage in order to sell?
As regards the Bluestone Mortgages mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Bluestone Mortgages in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.