Keystone Property Finance Conveyancing Lender Panel Compliance Tool

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

This system facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Keystone Property Finance’s changes. While utilising COMPLETIONmonitor is not a prerequisite for Keystone Property Finance , demonstrating you can remain up to date with Keystone Property Finance’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your firm’s panel status.

The software generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Book a Keystone Property Finance Demo for this Panel Compliance Tool

Banks and building societies frequently 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, over time:

A Timeline of Policy Changes


Since 2008, Keystone Property Finance has made 4 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 682.5 days. In total, 1% of the sections of P2 of the UK Finance Lenders’ Handbook for Keystone Property Finance 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
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 conveyancing panel ?
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 approved lawyer ?
5.13.1 17/10/2018 CML
Balance of Monies
Contact details at Keystone Property Finance for conveyancing panel 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 10/11/2018

Keystone Property Finance Solicitor Panel Example Support Desk Enquires from members of the public

I am getting a offer of a mortgage from Keystone Property Finance. my intention is to employ the services of a Licensed Conveyancer. Does the Keystone Property Finance Conveyancing panel exclude Licensed Conveyancers
Keystone Property Finance’s conveyancing panel is, like many other lenders represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Can you clarify something for me?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Keystone Property Finance was issued random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My lawyer has advised that as she is on the Keystone Property Finance conveyancing panel she needs to redo the searches as they are no longer valid.
One of the many conditions 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 states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Keystone Property Finance.
I require the services of a Keystone Property Finance panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a Keystone Property Finance panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Keystone Property Finance to find out which solicitors in Keystone Property Finance are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I was supposed to move into my first house last Friday. My solicitor is on the Keystone Property Finance conveyancing panel but has moved offices in the past couple of months and had not informed Keystone Property Finance of their new address. Keystone Property Finance is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Keystone Property Finance branch or your mortgage broker to see if they can help.
For 5 years I had a mortgage with Keystone Property Finance. My uncle retired last week and wants to pay off my mortgage. After Keystone Property Finance is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Keystone Property Finance conveyancing panel? I do not intend to live at the property once the Keystone Property Finance mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Keystone Property Finance panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
My ex -wife’s name is on the Keystone Property Finance mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Keystone Property Finance mortgage in order to sell?
As regards the Keystone Property Finance mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Keystone Property Finance in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
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.