Kensington Mortgage Conveyancing Panel Information

UK Finance Designator: Kensington Mortgage Company Ltd
Jurisdiction: England and Wales

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.

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Kensington Mortgage Solicitor Panel: Recently Asked Questions

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Given my firm’s membership on the Kensington Mortgage conveyancing panel how long am I expected to keep hold of the complete conveyancing file?
The CML Part II requirements of Kensington Mortgage are silent on this. Most lenders address the question of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Kensington Mortgage’s interest. To be absolutely sure of Kensington Mortgage requirements in this regard please check the Terms and Conditions of Kensington Mortgage’s conveyancing panel appointment.
What sort of information are Lenders such as Kensington Mortgage are asking for when it comes to applying to be on their approved conveyancing panel?
Criteria differ from lender to lender. We do not hold specific requirements relating to the questions raised as part of the application to be on the Kensington Mortgage conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
  • Whether the firm has ever accepted instructions in respect of property clubs and investment schemes
  • List of all solicitors within firm
  • Full complaints history for each licensed conveyancer
  • SRA or equivalent regulator registration number where applicable
  • Full disciplinary history for each licensed conveyancer
  • Solicitor
  • Whether any lender has ever made a claim against the firm’s PII cover
  • Automated alerting to inform lenders when there is a fundamental change to the firm (e.g. change of name)
  • Structure of firm and, where applicable, its group
  • Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
  • I have been a solicitor for over 25 years enjoy an unblemished record and have been refused acceptance on the Kensington Mortgage conveyancing panel with no explanation. Am I not entitled to to know why?
    For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Kensington Mortgage conveyancing panel to see if you are entitled to a reason.
    Were are a Hendon-based firm on the Kensington Mortgage conveyancing panel. Do you have ideas as to how we can market our firm as specialists in conveyancing in Hendon authorised to act forKensington Mortgage?
    5 borrowers search for a conveyancer on the Kensington Mortgage panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.
    St Giles’ PII renewal form asks if my firm had been excluded from any lender panels in the last year. I just discovered that the practice is no longer on the Kensington Mortgage solicitor panel? Will that effect my PII cover?
    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.
    My firm is listed on the Kensington Mortgage conveyancing panel and all set to complete a remortgage within the next week. 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 should communicate with Kensington Mortgage to obtain standard documents. The CML Handbook includes an express section for lenders to enumerate who to contact to obtain standard documents. You will need to quote your Kensington Mortgage solicitors panel reference.

    Recent Changes Include

    # Date Assoc. Changes Related To
    1.15 06/11/2017 CML
    16.3.7b 06/11/2017 CML
    16.4.2 06/11/2017 CML
    16.4.1 31/03/2016 CML
    16.5.3b 31/03/2016 CML
    17.1.1 31/03/2016 CML
    5.17.5a 31/03/2016 CML
    6.4.4 31/03/2016 CML
    6.7.6 31/03/2016 CML
    9.1 31/03/2016 CML Adverse Possession Indemnity Insurance Possessory Title Indemnity Insurance Missing Deeds Indemnity Insurance Defective Title Indemnity Insurance

    Last update 18/02/2019

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