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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.

Find an Approved Solicitor on the Keystone Property Finance Conveyancing Panel

Common questions asked concerning the Keystone Property Finance Solicitor Panel

On what basis could a law firm be excluded from the Keystone Property Finance approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
  1. Low volume 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. We are not aware of the specific or common criteria for removal by Keystone Property Finance
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Keystone Property Finance will not agree to this. Why was Keystone Property Finance even consulted?
Your lawyer being on the Keystone Property Finance conveyancing panel is duty bound to inform Keystone Property Finance of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Keystone Property Finance then they would have to discontinue acting for you and Keystone Property Finance.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Keystone Property Finance conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My conveyancers in Liverpool have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Keystone Property Finance. Is it case that being on the Keystone Property Finance conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Keystone Property Finance Conveyancing Panel Terms. It might be worth you contacting Keystone Property Finance directly.
I had instructed online solicitors based in Manchester who are on the Keystone Property Finance solicitor panel. They have just invoiced me a separate fee of £150 for dealing with the Keystone Property Finance mortgage. Is this a supplemental 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.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Keystone Property Finance. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Keystone Property Finance you will need to appoint a solicitor on the Keystone Property Finance conveyancing panel.
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Keystone Property Finance are being problematic. The solicitor who is on the Keystone Property Finance conveyancing panel is recommending indemnity insurance as a solution but Keystone Property Finance are insisting on a building regulation certificate. Why do Keystone Property Finance have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Keystone Property Finance have referred the matter to their valuer. The reason why Keystone Property Finance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.