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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?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
Common questions asked concerning the Keystone Property Finance Conveyancing Panel
My Conveyancer is not listed on the Keystone Property Finance Solicitor Panel. Is it possible for me to retain my family solicitor even though they are not on the Keystone Property Finance panel?
The most common options here are as follows:
- Carry on with your preferred solicitors but Keystone Property Finance will need to instruct a lawyer on the Keystone Property Finance 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 Keystone Property Finance conveyancing panel.
- Urge your lawyer to apply to join the Keystone Property Finance lender panel
We are getting closer to an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Keystone Property Finance. I am advised that, being on the Keystone Property Finance conveyancing panel and acting on their behalf he must inform Keystone Property Finance if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Keystone Property Finance to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Keystone Property Finance if you agree, failing which, your lawyer must cease to continue acting.
How up to date is your database of lawyers on the Keystone Property Finance conveyancing panel? Do Keystone Property Finance send you an updated list?
The firms themselves provide us confirmation that they are on the Keystone Property Finance conveyancing panel as opposed to being supplied with a list from Keystone Property Finance directly.
My grandmother passed away last year and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Keystone Property Finance , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Keystone Property Finance will insist on your using a conveyancer on the Keystone Property Finance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Keystone Property Finance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Keystone Property Finance mortgage is registered as a charge at the Land Registry.
My wife and I have arranged a further advance on our mortgage from Keystone Property Finance as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Keystone Property Finance conveyancing panel to deal with the legals?
Keystone Property Finance would not normally instruct a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Keystone Property Finance list
I am selling my apartment. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Keystone Property Finance are being problematic. The solicitor who is on the Keystone Property Finance conveyancing panel is saying indemnity insurance will be fine 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.
Keystone Property Finance have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Keystone Property Finance or your broker and complete any relevant paperwork. Keystone Property Finance will tell you what documents they want. Keystone Property Finance will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Keystone Property Finance will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.