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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
Keystone Property Finance Solicitor Panel Recently Asked Questions
I am hoping to receive a mortgage with Keystone Property Finance. I intend to instruct a Licensed Conveyancer. Does the Keystone Property Finance Solicitor panel include Licensed Conveyancers
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.
Our solicitor has discovered a legal deficiency with the lease for the apartment we are buying. The other side have put forward title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised 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?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Keystone Property Finance are the client. 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). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Keystone Property Finance can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I see that you have a search directory listing solicitors on the Keystone Property Finance conveyancing panel. Do firms pay you a commission if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Keystone Property Finance conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Keystone Property Finance conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Keystone Property Finance conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
How can we tell if a solicitor on the Keystone Property Finance panel is any good?
seeking recommendations is a good start. 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 advocate that you speak with the solicitor handling your conveyancing
I am currently in the process of buying my council flat. I have a mortgage agreed 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 have 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.
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.