Kensington Mortgage Conveyancing Panel Information

The requirements to join the Kensington Mortgage conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

Many estate agents will be suffering if their clients start out on the conveyancing process having appointed a conveyancer who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change lawyers.

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):

List of all Licensed Conveyancers within firm

Whether any lender has ever made a claim against the firm’s PII cover

Full disciplinary history for each licensed conveyancer

SRA or equivalent regulator registration number where applicable

conveyancer client account(s) details

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

Structure of firm and, where applicable, its group

Whether the firm has ever accepted instructions in respect of property clubs and investment schemes

Automated alerting to inform lenders when there is a fundamental change to the firm (e.g. new disciplinary action)

Full complaints history for each licensed conveyancer

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.

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 contact Kensington Mortgage to obtain standard documents. The CML Handbook includes an express section for lenders to enumerate who to contact to obtain standard documents. Kensington Mortgage in their Part 2’s state: Please remember to quote the firm’s Kensington Mortgage conveyancing panel reference.