Bluestone Mortgages Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Bluestone Mortgages’s changes. Notwithstanding that utilising this technology is not a prerequisite for Bluestone Mortgages , demonstrating you can stay up to date with Bluestone Mortgages’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

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Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Bluestone Mortgages are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Bluestone Mortgages has made 248 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 11.0 days. In total, 59% of the sections of P2 of the UK Finance Lenders’ Handbook for Bluestone Mortgages have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
1.11b 09/07/2018 CML
1.15 21/10/2015 CML
16.5.3a 21/10/2015 CML
4.3 21/10/2015 CML
5.14.9 21/10/2015 CML
5.15.2d 21/10/2015 CML
6.1.3 21/10/2015 CML
6.4.5 21/10/2015 CML
6.7.1 21/10/2015 CML
3.1.3 21/10/2015 CML

Last update 28/01/2020

Bluestone Mortgages Conveyancing Panel : Questions and Answers from members of the public

I am expecting a mortgage with Bluestone Mortgages. I would like to use a Licensed Conveyancer. Does the Bluestone Mortgages Solicitor panel exclude Licensed Conveyancers
Bluestone Mortgages’s conveyancing panel is, like many other lenders associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
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 Bluestone Mortgages will not agree to this. Why was Bluestone Mortgages even consulted?
Your lawyer being on the Bluestone Mortgages conveyancing panel is duty bound to inform Bluestone Mortgages of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Bluestone Mortgages then they would have to discontinue acting for you and Bluestone Mortgages.
Is it necessary during the course of the conveyancing process to visit the offices of the Bluestone Mortgages conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bristol so that I can pop in to their offices when needed.
Whereas this was necessary twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol .
My lawyers in Leeds have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Bluestone Mortgages. Is it case that being on the Bluestone Mortgages conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender 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 Bluestone Mortgages Conveyancing Panel Terms. It might be worth you contacting Bluestone Mortgages directly.
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, Bluestone Mortgages are being a right pain. The solicitor who is on the Bluestone Mortgages conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Bluestone Mortgages are insisting on a building regulation certificate. Why do Bluestone Mortgages have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Bluestone Mortgages have referred the matter to their valuer. The reason why Bluestone Mortgages 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.
Bluestone Mortgages 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 Bluestone Mortgages or your broker and complete any relevant paperwork. Bluestone Mortgages will tell you what documents they want. Bluestone Mortgages 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. Bluestone Mortgages 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.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Bluestone Mortgages?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Bluestone Mortgages conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Bluestone Mortgages and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.