Frequently asked questions relating to the Kensington Mortgage Conveyancing Panel from members of the public
My IFA has says he needs my law firm’s panel member for the Kensington Mortgage conveyancing panel. How do I discover this. I have e-mailed my local Kensington Mortgage branch but they have not got back to me yet.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Kensington Mortgage panel reference.
Our son-in-law is buying a house that has just been built with a mortgage from Kensington Mortgage. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kensington Mortgage conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kensington Mortgage conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am planning to acquire a property and need a conveyancing solicitor in Manchester who is on the Kensington Mortgage solicitor. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kensington Mortgage . We don’t recommend any particular firm.
I was scheduled to complete on my first house last Thursday. My lawyer’s firm is on the Kensington Mortgage solicitors panel but has moved offices 8 weeks ago and had not informed Kensington Mortgage of their new address. Kensington Mortgage is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Kensington Mortgage branch or your mortgage broker to see if they can assist.
My fiance and I are at the point of viewing apartments and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Kensington Mortgage
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Kensington Mortgage , make sure you remember to check that your lawyer is on the Kensington Mortgage conveyancing panel.
I am currently in the process of buying my council flat. I have a mortgage agreed with Kensington Mortgage. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Kensington Mortgage you will need to appoint a solicitor on the Kensington Mortgage conveyancing panel.
Planning on purchasing a flat with a mortgage with Kensington Mortgage. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kensington Mortgage conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Kensington Mortgage conveyancing panel
