Keystone Property Finance Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Keystone Property Finance’s changes. While utilising this technology is not a condition for being on the Keystone Property Finance panel, demonstrating you can remain up to date with Keystone Property Finance’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Keystone Property Finance

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Keystone Property Finance 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, Keystone Property Finance has made 7 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 390.0 days. In total, 2% of the sections of P2 of the UK Finance Lenders’ Handbook for Keystone Property Finance have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 15/01/2020 CML
New Build Conveyancing
Keystone Property Finance panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.7.1 12/08/2019 CML
New Build Conveyancing
Keystone Property Finance approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.7.1 31/12/2018 CML
New Build Conveyancing
Keystone Property Finance panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
14.1.5 25/10/2018 CML
Post Completion Conveyancing
Does the Keystone Property Finance need to be sent the original mortgage deed and/or any other original title documents by their approved lawyer ?
6.6.4 23/10/2018 CML
Houses in Multipe Occupation
Keystone Property Finance approved conveyancer requirements where the property comes within the definition of a house in multiple occupation
14.1.5 23/10/2018 CML
Post Completion Conveyancing
Does the Keystone Property Finance need to be sent the original mortgage deed and/or any other original title documents by their conveyancing panel ?
5.13.1 17/10/2018 CML
Balance of Monies
Contact details at Keystone Property Finance for approved lawyers where borrower is not providing balance of purchase price from funds/proposing to give second charge.
Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance

Last update 19/01/2020

Common questions asked concerning the Keystone Property Finance Conveyancing Panel from members of the public

Much to my surprise I have been told by my mortgage adviser that my solicitor is not on the Keystone Property Finance Solicitor panel. What can I do to be sure that this is correct?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Keystone Property Finance solicitor panel.
My conveyancer has spotted an inconsistency when comparing the surveyor’s assumptions in Keystone Property Finance’s valuation report and what is in the title deeds. My solicitor has advised that as he is on the Keystone Property Finance conveyancing panel he must ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
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 you.
How up to date is your database of lawyers on the Keystone Property Finance conveyancing panel? Do Keystone Property Finance send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Keystone Property Finance conveyancing panel as opposed to being supplied with a list from Keystone Property Finance directly.
My solicitors in Liverpool have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Keystone Property Finance. Is it case that being on the Keystone Property Finance 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 Keystone Property Finance Conveyancing Panel Terms. It might be worth you contacting Keystone Property Finance directly.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Keystone Property Finance conveyancing panel requirements are different to Keystone Property Finance’s conveyancing panel requirements.
My wife and I have arranged a further advance on our mortgage from Keystone Property Finance as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Keystone Property Finance conveyancing panel to deal with the paperwork?
Keystone Property Finance do not ordinarily instruct a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Keystone Property Finance panel
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Keystone Property Finance. Is it possible to avoid using solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Keystone Property Finance involved you will need to appoint a solicitor on the Keystone Property Finance conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Keystone Property Finance. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Keystone Property Finance conveyancing panel.