Kent Reliance Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a tool.

In operating open conveyancing panels, lenders such as Kent Reliance face a number of fraud and negligence risks. While there is no authoritative source of data on lender exposure to solicitor–led mortgage fraud, anecdotal evidence from lenders indicates exposure on individual cases are often in the millions of pounds. The National Fraud Authority estimates that £1bn per year is lost in mortgage -related frauds in total, which is seen as a conservative estimate.

These risks are exacerbated by the lack of a comprehensive set of data on all conveyancing firms (which, for the avoidance of doubt, would include solicitors and conveyancers across the UK) which is in a readily accessible format. Currently, lenders vet the suitability of their panel firms against a variety of disparate, incomplete and potentially inaccurate sets of information. One top 5 lender pointed out to us that it is almost impossible to track individual fraudsters who move from firm to firm, especially where they are no longer registered or no longer hold a valid practicing certificate.

Kent Reliance and other lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced. There is also regulatory impetus on lenders to ensure that they have satisfactory oversight of their third party panels, including a due-diligence process.

Most 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 Kent Reliance as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Kent Reliance we suggest that you call Kent Reliance to check the position.

10 potential conveyancing clients search for a solicitor on the Kent Reliance panel on a monthly basis in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.

The Law Society’s CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their panels. Some Lenders now use CQS as the starting point for Panel membership as is the case with Santander.

You should communicate with Kent Reliance to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual inquiry for lenders to enumerate who to contact to obtain standard documents. Kent Reliance in their Part 2’s state: Please remember to quote your Kent Reliance conveyancing panel reference.