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. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Bluestone Mortgages’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Bluestone Mortgages , demonstrating you can remain up to date with Bluestone Mortgages’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your firm’s panel status.

The system generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Bluestone Mortgages

Lenders often 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 257 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 10.6 days. In total, 60% 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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Bluestone Mortgages Solicitor Panel Example Support Desk Enquires from members of the public

We are hoping to buy a 2 bedroom flat in Hackney with a mortgage from Bluestone Mortgages. We would like to retain our solicitor but Bluestone Mortgages says he's not on their "panel". We have to appoint one of the Bluestone Mortgages panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Bluestone Mortgages conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Bluestone Mortgages
My fiance and I changing mortgage lender for our penthouse with Bluestone Mortgages. We have a son 18 who lives with us. The solicitor on the Bluestone Mortgages conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this document specific to the Bluestone Mortgages conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Bluestone Mortgages conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Bluestone Mortgages .This is solely used to protect the Bluestone Mortgages if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Bluestone Mortgages had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

Are there any apps to help find a local solicitor on the Bluestone Mortgages conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Bluestone Mortgages solicitor panel.
I am in the process of mortgaging my house does my lawyer have to be on the Bluestone Mortgages Conveyancing panel?
There is nothing to stop you using your solicitor but Bluestone Mortgages will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I am about to exchange contracts on a purchase with a mortgage from Bluestone Mortgages. The report from my solicitor mentions that Bluestone Mortgages could withdraw their offer before completion. Is this right?
Lenders such as Bluestone Mortgages can withdraw their mortgage offer although this is unusual. If Bluestone Mortgages withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a number of examples:
  • Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Where to proceed with the Mortgage offer would be unlawful
  • Where the sale is not at arms length for value to unconnected persons
  • If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
I can not work out if my mortgage offer requires a lease extension . I have called Bluestone Mortgages on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Bluestone Mortgages conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Bluestone Mortgages. Unless your lawyer obtains specific confirmation in writing that Bluestone Mortgages will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Bluestone Mortgages to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
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.