Kensington Mortgage Conveyancing Panel Information

We only know of a couple of banks that operate a distinct conveyancing panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with Kensington Mortgage. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Kensington Mortgage

The majority of 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 Kensington Mortgage as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Kensington Mortgage we suggest that you call Kensington Mortgage to check the position.

Kensington Mortgage approved panel lawyers have to comply with the Part II 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

11 borrowers attempt to locate a solicitor on the Kensington Mortgage panel on a monthly basis in Hendon. The lenderpanel directory service team who will show you how your firm can be found by those searching for conveyancing in Hendon.

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.

You should communicate with Kensington Mortgage to obtain standard documents. The CML Handbook contains an explicit inquiry for banks to enumerate who to contact to obtain standard documents. Kensington Mortgage in their Part 2’s state: Always remember to disclose your Kensington Mortgage conveyancing panel reference.