Keystone Property Finance Conveyancing Panel Information

One might ordinarily expect Keystone Property Finance via their Part Two conditions to address this but the Handbook is silent on deadlines to send deeds. You need to look at the Terms of Keystone Property Finance’s Conveyancing Panel Appointment that you are bound by. For many lender's these Terms contain a clause such as: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Keystone Property Finance informed. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

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 Keystone Property Finance as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Keystone Property Finance we suggest that you call Keystone Property Finance to check the position.

The answer to this question really depends on the reason that your firm has been removed off the Keystone Property Finance conveyancing panel. The top 3 reasons are as follows:

1. lack of transactions
2. the lawyer is a sole practitioner
3. as part of the HSBC panel reduction.

In these three circumstances it is unlikely that you would expected to take any action. Disclosure and other compliance considerations are more likely to be relevant if the reason for removal is due to breaches of lender requirements or allegations of fraud or negligence. Whether the reasoning should trigger a disclosable 'material' breach will depend on the firm and the circumstances around possible failures to comply with the SRA Authorisation Rules, and the SRA will judge each case on its own merits. Factors such as the detriment or risk of detriment to clients, the scale of the issue and overall impact on the firm will need to be considered in deciding whether a failure is 'material'. As the COLP you will need systems to identify patterns of breaches. Even if you don't consider there to be regulatory implications the firms COFA should give some thought to whether she/he needs to take any action as result of being removed from the Keystone Property Finance conveyancing panel.

7 potential conveyancing clients search for a property lawyer on the Keystone Property Finance panel on a monthly basis in Hendon. The lenderpanel directory service team who will show you how your firm can be listed by those searching for conveyancing in Hendon.

You should provide details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your firm’s application but gives the Law Society a complete picture of what has gone on.

You would be advised to communicate with Keystone Property Finance to obtain standard documents. The The Council of Mortgage Lenders Handbook has a specific inquiry for lenders to cite who to contact to obtain standard documents. Keystone Property Finance in their Part 2’s state: Please remember to disclose your Keystone Property Finance conveyancing panel number.