Kent Reliance Conveyancing Panel Information

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the Kent Reliance 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

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

PII Cover details, including, if relevant, whether the firm is or has been in the assigned risks pool and structure of cover – basic

Charge registration history

Summary of annual accounts

List of fee-earners who are foreign qualified

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

List of all those who can sign off the Certificate Of Title

The percentage of the firm’s business which is conveyancing (broken down into sale

Full disciplinary history for each licensed conveyancer

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 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.

You will be aware of the trend in recent years for lenders such as Kent Reliance to take a much more pro-active approach in relation to the management and make up of their conveyancer panels. The knock on effect of this is that it is more likely that there will be a higher number of cases where a conveyancer is not on the Kent Reliance panel. The situation that you find yourself in is where your client’s purchaser has his/her own lawyer and Kent Reliance have appointed a separate lawyer to act on their behalf where the new CML Part 3 requirements apply. Section 11.1 of the UK Finance Lenders’ Handbook Part 3 requires Kent Reliance’s panel solicitor to ‘ ...transfer the mortgage advance directly to the Seller’s conveyancer. The Seller’s conveyancer must be required to hold the mortgage advance on the terms of the required undertaking. The example borrower’s conveyancer’s undertaking letter includes a specific example of the seller’s undertaking’. You should expect to be advised to received the mortgage advance directly from the conveyancing solicitors for Kent Reliance. You will no doubt be required to undertake directly to Kent Reliance’s solicitors to discharge any charges secured on the property and to send directly to them the executed transfer and any other documents required to enable us to effect registration. Please remember to carefully consider undertakings in accordance with your firm’s protocol and record them in your undertakings logg. Please remember that as well as this breach of this undertaking having regulatory and compliance implications it’s breach could also result in your firm being removed off the Kent Reliance conveyancing panel.

13 people attempt to locate a conveyancer on the Kent Reliance panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be listed by those searching for conveyancing in Hendon.

The Law Society’s CQS membership is 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. A number of Lenders now use CQS as the starting point for Panel acceptance such as Santander.

You need to contact Kent Reliance to obtain standard documents. The CML Handbook has an explicit question for lenders to set out who to contact to obtain standard documents. Kent Reliance in their Part 2’s state: Always remember to disclose the firm’s Kent Reliance solicitors panel reference.