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approved by keystonePropertyFinance
Ready to buy a new home? Failing to check that a lawyer is on the keystonePropertyFinance list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Keystone Property Finance Conveyancing Panel? How can my firm be reinstated onto the Keystone Property Finance Conveyancing Panel?Find an Approved Solicitor on the Keystone Property Finance Conveyancing Panel
FAQs for the Keystone Property Finance Conveyancing Panel
Is the fact that my conveyancer is not isted on the Keystone Property Finance Conveyancing 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 most common reasons for removal are: (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.
Our conveyancer has identified a problem with the lease for the apartment we are purchasing. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that as he is on the Keystone Property Finance conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Keystone Property Finance?
Just because you have a mortgage offer from Keystone Property Finance does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Keystone Property Finance are the client. These conveyancing instructions must be adhered to by the Keystone Property Finance conveyancing panel who has to balance acting for you and Keystone Property Finance
I am buying a house and require a conveyancing solicitor in Birmingham who is on the Keystone Property Finance approved. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Keystone Property Finance . We don’t recommend any particular firm.
I am trying to get my former partner removed the mortgage deeds. Can Keystone Property Finance really insist on which solicitor I can or can not use?
You can use any solicitor you like but Keystone Property Finance then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Keystone Property Finance solicitors panel
Are all Conveyancing Quality Solicitors on the Keystone Property Finance conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
We have a mortgage agreed in principle with Keystone Property Finance. Solicitors have been appointed? How long does it take for Keystone Property Finance to send the offer to our conveyancer
Some lenders take longer than others. Have Keystone Property Finance done the valuation? Have you advised Keystone Property Finance as your lawyers details and checked that your lawyer is on the Keystone Property Finance conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I have agreed a price on a house I spoke to a conveyancer previously used by my uncle and he suggested instructing a solicitor approved by Keystone Property Finance. The estate agent recommended two local firms so I asked Keystone Property Finance if the 2 suggested solicitors are approved, which they are not. Keystone Property Finance pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Keystone Property Finance 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Keystone Property Finance to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Keystone Property Finance conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Keystone Property Finance conveyancing panel as it may only take about 2-3 weeks. As long as they meet Keystone Property Finance’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.