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Kensington Mortgage Solicitor Panel: Recently Asked Questions
Do Kensington Mortgage or the CML run professional training Courses for the
Kensington Mortgage approved solicitor panel in much the same way that the Law Society run cases for CQS firms?
This not something that the CML would traditionally get involved with although they do host numerous useful conveyancing related conferences which are attended by firms on the Kensington Mortgage conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Kensington Mortgage’s Part 2 requirements. Law firms on the Kensington Mortgage conveyancing panel are welcome. Information about the webinar will be communicated as part of the LENDERmonitor Alerts.
Is it the case that the Law Society has advised that firms check their status on the
Kensington Mortgage conveyancing panel?
The Law Society of Scotland has suggested that solicitors should check their panel status with lenders before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Kensington Mortgage conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of lender panels including the
Kensington Mortgage conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Do I disclose these these Conditions ?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations.
You have to try and take an objective view as to whether the Terms relating to the
Kensington Mortgage conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
My post-completion clerk has resigned unexpectedly.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Kensington Mortgage once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Kensington Mortgage?
Kensington Mortgage will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Kensington Mortgage conveyancing panel.
Prime Professional’s PI Insurance renewal form enquires if my practice had been removed off any lender panels in the last year.
I recently found out that the practice is no longer on the
Kensington Mortgage conveyancing panel? Will that effect my insurance?
The best placed professionals to answer this question are your insurance brokers.
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 Kensington Mortgage solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
Our practice is on the
Kensington Mortgage
conveyancing panel and due to complete a purchase within the next few weeks. My file does not contain a Legal Charge for the client to sign.
Who do I contact at Kensington Mortgage to obtain duplicate documents?
You would be advised to get in touch with Kensington Mortgage
to obtain standard documents. The CML Handbook has an individual inquiry for banks to reveal who to contact to obtain standard documents.
Kensington Mortgage in their Part 2’s state:
Please remember to disclose the firm’s Kensington Mortgage solicitors panel reference.
Find a Lawyer on the Kensington Mortgage Solicitor Panel
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Average number of days to register title including a charge in favour of Kensington Mortgage
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Kensington Mortgage Firms
- Draft Report on Title precedent for Kensington Mortgage borrowers
- Draft Anti Money Laundering PolicyTemplate for Kensington Mortgage panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Kensington Mortgage lender panel
- Buy-to-Let help for Kensington Mortgage
- Consent-to-Let help for Kensington Mortgage
- Contractor Mortgages with Kensington Mortgage
