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Keystone Property Finance Conveyancing Panel : Questions and Answers
Is the fact that my solicitor is not identified on the Keystone Property Finance Solicitor panel that there is a problem with the quality of her 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 Keystone Property Finance.
I am due to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Keystone Property Finance. What risks do Keystone Property Finance expect the insurance to cover?
Any lawyer on the Keystone Property Finance conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Keystone Property Finance’s Part 2 requirements of the CML Handbook (last updated on Keystone Property Finance). Being on the Keystone Property Finance conveyancing panel your lawyer is expect to follow these instructions.
Your search tool is useful but there are many lawyers listed near Newcastle on the Keystone Property Finance conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Keystone Property Finance ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
We're in Liverpool, First timers buying with a mortgage (lender is Keystone Property Finance , but our solicitor is on the Keystone Property Finance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Keystone Property Finance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I had instructed online conveyancers located in Cardiff who are on the Keystone Property Finance solicitor panel. They are now charging me a separate fee of £150 for dealing with the Keystone Property Finance mortgage. Is this an additional conveyancing fee specified by Keystone Property Finance?
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 Keystone Property Finance but by your lawyers. Some firms on the Keystone Property Finance will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
The for formalities of my remortgage has taken place with a loan from Keystone Property Finance. Conveyancing was of an acceptable standard but I would like to complain about Keystone Property Finance. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the Keystone Property Finance branches or the Customer Care Department at Keystone Property Finance head office. Ordinarily complaints to Keystone Property Finance are sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
My ex -wife’s name is on the Keystone Property Finance 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 Keystone Property Finance mortgage in order to sell?
In terms of the Keystone Property Finance 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 Keystone Property Finance 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.
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