Keystone Property Finance Solicitor Panel Sample Enquires to our Call Center
from members of the public
On what basis could a firm of solicitors be excluded from the Keystone Property Finance approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- lack 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 Keystone Property Finance
My solicitor has spotted a discrepancy between the assumptions in Keystone Property Finance’s home valuation survey and what is revealed within the title deeds. My solicitor says that as he is on the Keystone Property Finance conveyancing panel he must check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance appropriate?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I am looking for conveyancing quotes online. Can I be sure that all the firms that are listed on your site are on the Keystone Property Finance conveyancing panel?
The law firms on our directory have advised us that they are on the Keystone Property Finance panel and agreed to advise us to take down their listing in the event of removal off of the Keystone Property Finance panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Keystone Property Finance conveyancing panel is incorrect.
I am buying a terraced house and getting a mortgage with Keystone Property Finance. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Keystone Property Finance conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Keystone Property Finance conveyancing panel in your location.
We were going to get a DIP from Keystone Property Finance this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Keystone Property Finance recommend a solicitor on the Keystone Property Finance conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Keystone Property Finance conveyancing panel. The solicitor represents both you and the Keystone Property Finance through the process.
I can not work out if my mortgage offer requires a lease extension . I have telephoned Keystone Property Finance on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Keystone Property Finance conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Keystone Property Finance panel she or he must comply with the CML Handbook requirements for Keystone Property Finance. Unless your lawyer obtains specific confirmation in writing that Keystone Property Finance 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 Keystone Property Finance to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Sometime soon me and my wife are purchasing a terraced house in Hendon. Conveyancing solicitors in Hendon will soon begiven the go-ahead. My brokeradvised that we check that the conveyancer in Hendon is on the Keystone Property Finance panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing firms are on the Keystone Property Finance conveyancing panel. 5 people a month use our search tool to search for a Hendon conveyancing solicitor
on the on the Keystone Property Finance approved list of lawyers.