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approved by Bluestone Mortgages
Ready to buy a new home? Failing to check that a lawyer is on the Bluestone Mortgages 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 Bluestone Mortgages Conveyancing Panel? How can my firm be reinstated onto the Bluestone Mortgages Conveyancing Panel?Find an Approved Solicitor on the Bluestone Mortgages Conveyancing Panel
Bluestone Mortgages Solicitor Panel Example Support Desk Enquires
For what reasons would a law firm be excluded from the Bluestone Mortgages approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been removed from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Bluestone Mortgages
We are nearing an exchange and my parents having transferred 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 Bluestone Mortgages. I am advised that, being on the Bluestone Mortgages conveyancing panel and acting on their behalf he must inform Bluestone Mortgages 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 home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Bluestone Mortgages 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 Bluestone Mortgages if you agree, failing which, your lawyer must cease to continue acting.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Bluestone Mortgages conveyancing panel. My lawyer has said that they are on the Bluestone Mortgages 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 Bluestone Mortgages 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 Bluestone Mortgages solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the property. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Bluestone Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Bluestone Mortgages will insist on your using a conveyancer on the Bluestone Mortgages 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 Bluestone Mortgages 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 Bluestone Mortgages mortgage is registered as a charge at the Land Registry.
Are all conveyancing solicitors on the Bluestone Mortgages conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Bluestone Mortgages conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Can I be sure that the solicitor on the Bluestone Mortgages panel is any good?
Getting recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer handling your conveyancing
For 5 years I had a mortgage with Bluestone Mortgages. My godfather has just retired and wants to pay off the mortgage left on the property. After Bluestone Mortgages is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Bluestone Mortgages conveyancing panel? I do not intend to live at the property once the Bluestone Mortgages mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Bluestone Mortgages panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Other Topics
Transfer of Equity for Bluestone MortgagesPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors