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Bluestone Mortgages Conveyancing Panel: Recently Asked Questions
I am on the Bluestone Mortgages conveyancing panel. Can I get an archived copy of a Bluestone Mortgages Part 2 from the CML?
The Council of Mortgage Lenders do not maintain data sets of the Part 2's Pre January 2011. We would recommend you contact Bluestone Mortgages directly.
Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
We have come across many solicitors who feel they have been removed from lenders’ panels without an explanation or a good
reason. It is highly unlikely, given that lenders have distanced
themselves from creating a standardised appeals process for
brokers, that an appeals process will be introduced for
lawyers. Commenting on the call by brokers to have a standardised
process the CML said’ “While we understand that some lenders do have
an appeals process, it would not be appropriate for a trade body such
as the CML to seek to be prescriptive about such a process.” Some
lenders do of course set out an appeals policy. The Law Society does
have information on it’s site that may be of assistance. If you would
like to talk to one of our compliance experts about our Lender Panel
Protection Service please click
here.
Theoretically Bluestone Mortgages could request or audit my files as I am on the
Bluestone Mortgages conveyancing panel. Are there any confidentiality issues that I need to consider first?
We can't comment specifically on
Bluestone Mortgages. Many major lenders are now introducing ‘file auditing’ as standard practice in relation to completed matters. This raises questions of confidentiality in relation to the borrower and the purpose to which the results of such audits will be put. The starting point is to remember that the file does not belong to your firm, it belongs to the ‘client’. But, of course, we will normally have two clients – the buyer and the lender - and you will owe a duty of confidentiality to each. So basically, you have to separate the file and just send the lender the parts solely relating to themselves. But, of course, as this will basically be correspondence with the lender, mortgage instructions etc.
Check with your COLP but a firm should not send the complete conveyancing file without the buyer client’s express consent – and if he is in arrears with the lender he is hardly likely to agree. However, if the lender can establish a prima facie case of fraud, then you may be under an obligation to disclose the whole file.
The emerging convention is that lenders are including an authority to disclose in loan application forms to counter this problem. Mortgage Express v Sawali, [2010] EWHC 3054 (Ch) indicates that such provisions are valid. Please click here for more information about that case.
Do banks such as
Bluestone Mortgages engage detached conveyancing panel for buy to let mortgages?
Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Bluestone Mortgages as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Bluestone Mortgages we suggest that you call
Bluestone Mortgages to check the position.
Are figures published regarding the
Bluestone Mortgages conveyancing panel size and the number of conveyancing firms dismissed each year?
With mortgage companies and conveyancing firms working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the
Bluestone Mortgages conveyancing panel but for all lender panels
Prime Professional’s PII renewal form enquires if my practice had been removed off any mortgage panels in the last 12 months.
I just found out that the practice is no longer on the
Bluestone Mortgages conveyancing panel? Is this likely to impact my PII cover?
Your insurance brokers are your best port of call to address this question.
The chances are that on the basis that you have not been removed for
fraud or negligence reasons that there will be little or no
impact. The main reason why a firm would be removed off of a lender
panel is due to low volume of conveyancing cases although there may be
a number of criteria for Bluestone Mortgages solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
Our practice is on the
Bluestone Mortgages
conveyancing panel and due to complete a purchase within the next week. My file does not contain a Mortgage Deed for the client to execute.
Who do I contact at Bluestone Mortgages to request substitute deeds?
You should communicate with Bluestone Mortgages
to obtain standard documents. The CML Handbook contains an individual section for lenders to establish who to contact to obtain standard documents.
Bluestone Mortgages in their Part 2’s state:
You will need to quote your Bluestone Mortgages solicitors panel reference.
Find a Lawyer on the Bluestone Mortgages Conveyancing Panel
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Average number of days to register title including a charge in favour of Bluestone Mortgages
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
| 2019 | 53.0 |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Bluestone Mortgages Firms
- Draft Report on Title precedent for Bluestone Mortgages borrowers
- Draft Anti Money Laundering PolicyTemplate for Bluestone Mortgages panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Bluestone Mortgages lender panel
- Buy-to-Let help for Bluestone Mortgages
- Consent-to-Let help for Bluestone Mortgages
- Contractor Mortgages with Bluestone Mortgages
