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Policy Change for Kensington Mortgage Solicitor Panel

Change Date: 19/12/2023
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2023 No.1260

Policy changes relevant to
Kensington Mortgage Solicitor Panel

Updated 26/09/2023 19/12/2023
5.14.17a- Does the lender want any documentation sent to them? [ Original answer is blank ] Yes. You must share copies of documents as specified in Section 5.14.17b to Kensington Mortgages, New Business Operations Centre, Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ. Tel: 03444 990011 Fax: 03444 990022.
5.14.17b- Does the lender have any specific instructions about building safety? [ Original answer is blank ] We have requirements for properties that have external wall systems (often generically termed cladding) that require remediation under the Building Safety Act 2022.

Please note, any blocks of flats/apartments with 5 or more stories could potentially be in scope. Any blocks of flats/apartments with less than 5 stories do not require any action in relation to the Building Safety Act and this section can be ignored along with any guidance within part 1 relating to leasehold properties.

Blocks of flats that contain external cladding are subject to the receipt of a satisfactory EWS1 form (External Wall Fire Review). The form must not be more than 5 years old and is to be inspected and approved by Kensington’s appointed valuer before agreeing to proceed with the release of funds. Solicitors are to ensure that at least five working days' notice prior to the required date of Completion is given to Kensington so that arrangements can be made for the valuer to inspect the EWS1 form.
5.14.17c- Does the lender have any specific instructions relating to remortgages? [ Original answer is blank ] Sections 5.14.17 a & b apply to purchases and remortgages.