Kensington Mortgage Conveyancing Panel Information

The Council of Mortgage Lenders (or the BSA) do not involve themselves in training although they do provided numerous general conveyancing related conferences which are attended by firms on the Kensington Mortgage conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Kensington Mortgage’s Part 2 requirements. Practitioners on the Kensington Mortgage conveyancing panel will be invited. Information about the webinar will be communicated as part of the LENDERmonitor Alerts.

The Law Society of Scotland has advised that solicitors should check their lender panel status prior to accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the Kensington Mortgage conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include mumsnet.com

When a solicitor is acting for both Kensington Mortgage and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Kensington Mortgage and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Kensington Mortgage the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Kensington Mortgage conveyancing panel status.

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 need to communicate with Kensington Mortgage to obtain standard documents. The CML Handbook has a specific question for lenders to establish who to contact to obtain standard documents. Kensington Mortgage in their Part 2’s state: You will need to disclose your Kensington Mortgage conveyancing panel number.