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Keystone Property Finance Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Keystone Property Finance Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Keystone Property Finance Conveyancing Panel?
Check your firm’s panel Status

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

This software assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Keystone Property Finance’s changes. Notwithstanding that using the software is not a prerequisite for Keystone Property Finance , demonstrating you can stay up to date with Keystone Property Finance’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Keystone Property Finance

Banks and building societies often vary 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 37 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 73.8 days. In total, 15% 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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Q and A’s regarding the Keystone Property Finance Solicitor Panel from members of the public

My lawyer is not on the Keystone Property Finance Conveyancing Panel. Can I still retain my preferred solicitor even though they are not on the Keystone Property Finance list of approved lawyers?
You have a number of options available to you here:
  1. Complete the purchase with your preferred solicitors but Keystone Property Finance will need to instruct a lawyer on the Keystone Property Finance conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Keystone Property Finance conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the Keystone Property Finance conveyancing panel
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 Keystone Property Finance will not agree to this. Why was Keystone Property Finance even consulted?
Your lawyer being on the Keystone Property Finance conveyancing panel is duty bound to inform Keystone Property Finance of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Keystone Property Finance then they would have to discontinue acting for you and Keystone Property Finance.
I note that you have a post code search directory listing law firms on the Keystone Property Finance conveyancing panel. Do firms pay you a commission if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Keystone Property Finance conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
Please explain the implications if my lawyer’s firm is suspended from the Keystone Property Finance Solicitor panel before completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it the case that all conveyancing solicitors on the Keystone Property Finance conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I have paid off my mortgage with Keystone Property Finance. I assume I don't need a solicitor on the Keystone Property Finance panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Keystone Property Finance mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Keystone Property Finance mortgage from the register. Keystone Property Finance,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Keystone Property Finance has sent the Land Registry the discharge electronically, and the Keystone Property Finance has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Keystone Property Finance mortgage has been paid off.
I recently had an offer accepted on an apartment. My mortgage broker recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Keystone Property Finance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Keystone Property Finance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

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