Perenna Conveyancing Panel Information

No such training is arranged by the CML but they do organise numerous useful legal related conferences which are attended by firms on the Perenna conveyancing panel. It is our intention to run specific lender focused seminars in the coming months including a webinar on Perenna’s Part 2 requirements. Law firms on the Perenna conveyancing panel are welcome. Further details will be communicated as part of the LENDERmonitor Alerts.

Paragraph 16.2.1 of Part 1 of the Handbook applicable to a solicitor on the Perenna conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

The CML Part II requirements of Perenna are silent on this. Most mortgage companies deal with 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 Perenna’s interest. To be absolutely sure of Perenna requirements in this regard please check the Terms and Conditions of Perenna’s conveyancing panel membership.

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 Perenna solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to communicate with Perenna to obtain standard documents. The CML Handbook contains a specific inquiry for lenders to set out who to contact to obtain standard documents. Perenna in their Part 2’s state: You will need to disclose your Perenna solicitors panel number.