Looking for information about your firm's panel status?
Perenna Conveyancing Panel: Recently Asked Questions
Can a practice register a complaint to the CML about being excluded from the Perenna conveyancing panel?
The Council of Mortgage Lenders is not a regulator and therefore do not investigate grievances against lenders. You can of course contact Lexsure to see if we can help.
Being on the Perenna conveyancing panel how long am I expected to archive the original conveyancing file?
The Council of Mortgage Lender requirements of
Perenna are silent on this. Most lenders address the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six 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.
What sort of information are Lenders such as
Perenna are asking for when it comes to applying to be on their approved conveyancing panel?
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
Perenna conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
Full complaints history for each conveyancing solicitor
Number of lender conveyancing panels the firm is currently on
PII Cover details, including, if relevant, whether the firm is or has been in the assigned risks pool and structure of cover – basic
Whether the firm has ever applied for accreditation and the outcome of the application
purchase and remortgage)
Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
List of all those staff who work within the conveyancing team
List of all those who can sign off the Certificate Of Title
Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.
Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)
My post-completion clerk has left my firm on short notice.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Perenna once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Perenna?
Perenna will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Perenna conveyancing panel.
JLT’s PII renewal form questions if my firm had been excluded from any bank panels in the last year.
I just became aware that the firm is no longer on the
Perenna solicitor panel? Will that effect my PII premium?
Your insurance brokers are your best port of call to address this question.
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.
My firm is listed on the
Perenna
conveyancing panel and due to complete a purchase shortly. My file does not contain a Legal Charge for the client to execute.
Who do I contact at Perenna to get a duplicate Deed?
You should communicate with Perenna
to obtain standard documents. The CML Handbook contains an explicit section for lenders to reveal who to contact to obtain standard documents.
Perenna in their Part 2’s state:
It is likely that you will need to disclose the firm’s Perenna solicitors panel number.
Find a Lawyer on the Perenna Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Perenna
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Perenna Firms
- Draft Report on Title precedent for Perenna borrowers
- Draft Anti Money Laundering PolicyTemplate for Perenna panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Perenna lender panel
- Buy-to-Let help for Perenna
- Consent-to-Let help for Perenna
- Contractor Mortgages with Perenna