Kensington Mortgage Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Kensington Mortgage and to assist in remaining on the Kensington Mortgage Solicitor Panel.

Kensington Mortgage Conveyancing Panel: Recently Asked Questions

Is it possible that Kensington Mortgage will instruct an alternative lawyer on the Kensington Mortgage conveyancing panel for a further advance during the lifetime of a mortgage?
Section 16.2.1 of the UK Finance Lenders’ Handbook applicable to a solicitor on the Kensington Mortgage conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

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Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the Kensington Mortgage conveyancing panel ?
There are many reports available, five of which are as follows:
  • Average time frame to send deeds to the lender (calculated from completion date or title registration)
  • Current and historic missed priority dates
  • Buy to Let transactions
  • Average mortgage advance
  • Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
As the COLP for my firm what do I need to consider in terms of disclosures to the SRA if my firm is removed off the Kensington Mortgage solicitor panel?
What you should do largely depends on the reason that your firm has been removed off the Kensington Mortgage 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 compliance officer 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 Kensington Mortgage conveyancing panel.
I have read a number of legal articles recently about firms being sued for non-compliance with Part 2 requirements . I am on the Kensington Mortgage conveyancing panel can you tell me how Part 2 changes took place by Kensington Mortgage during 2013?
During 2013, 174 sections of the UK Finance Lenders’ Handbook P2 were changed by Kensington Mortgage. Some changes are more important than others but as a firm on the Kensington Mortgage conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

Where can I find the Kensington Mortgage conveyancing panel requirements in connection with Transfer of Equity Conveyancing?
Kensington Mortgage approved solicitors have to comply with the UK Finance Lenders’ Handbook instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Kensington Mortgage require, the deed of covenant on their behalf. You will need to check Kensington Mortgage CML Part 2 conditions to see if Kensington Mortgage have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Kensington Mortgage conveyancing panel
Marsh’s PI Insurance renewal form enquires if my firm had been removed off any lender panels in the last 12 months. I just discovered that the practice is no longer on the Kensington Mortgage solicitor panel? Is this likely to impact my insurance?
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 Kensington Mortgage solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
I am on the Kensington Mortgage conveyancing panel and all set to complete a remortgage within the next week. My file does not contain a Mortgage Deed for the client to execute. Who do I contact at Kensington Mortgage to request substitute deeds?
You need to get in touch with Kensington Mortgage to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an explicit question for lenders to cite who to contact to obtain standard documents. Kensington Mortgage in their Part 2’s state:
It is likely that you will need to disclose your Kensington Mortgage conveyancing panel number.

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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.
YearDays*
2024 [no data]
2023 49.9
2022 [no data]
2021 [no data]
2020 [no data]
2019 [no data]
* Data aggregated from sources including COMPLETIONmonitor