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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.
Looking for information about your firm's panel status?Is my firm on the Keystone Property Finance Conveyancing Panel? 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
Keystone Property Finance Conveyancing Panel Example Support Desk Enquires
I am getting a offer of a mortgage from Keystone Property Finance. I intend to instruct a Licensed Conveyancer. Does the Keystone Property Finance Solicitor panel allow for conveyancers regulated by the CLC
Keystone Property Finance’s approved solicitor list is, like many other lenders represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My lawyer has spotted an inconsistency when comparing the information in Keystone Property Finance’s valuation report and what is revealed within the legal papers for the property. My solicitor has advised that as he is on the Keystone Property Finance conveyancing panel he is obliged to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s approach legitimate?
A precondition to being on the Keystone Property Finance approved panel is to comply with the CML Handbook requirements (last updated for this lender on Keystone Property Finance) 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 both parties.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Keystone Property Finance conveyancing panel. My lawyer has said that they are on the Keystone Property Finance approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Keystone Property Finance conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Keystone Property Finance solicitor panel.
What happens if my lawyer’s firm is removed from the Keystone Property Finance 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 for a fee.
I am buying a property where the roof has a solar panel. Keystone Property Finance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Keystone Property Finance your lawyer must to check the Keystone Property Finance conveyancing instructions contained in the Part of CML Handbook for Keystone Property Finance . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Keystone Property Finance where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Keystone Property Finance are being pedantic. The solicitor who is on the Keystone Property Finance conveyancing panel is happy to accept ‘lack of building regulation’ insurance 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.
Intending to buy a flat with a mortgage with Keystone Property Finance. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Keystone Property Finance 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 Keystone Property Finance conveyancing panel