Examples of recent questions relating to the Kensington Mortgage Conveyancing Panel from members of the public
I appointed a solicitor to work on my remortgage six weeks ago having applied for a mortgage with Kensington Mortgage. The solicitors reassured me that they are on Kensington Mortgage conveyancing panel and provided me their panel number. Kensington Mortgage then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the approved panel for Kensington Mortgage?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Kensington Mortgage conveyancing panel You may wish to enlist the help of your broker to check with the Kensington Mortgage as to how long they think it will take to get the firm to get back on the panel.
My son-in-law is buying a house that has just been built with a mortgage from Kensington Mortgage. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged 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 requested.
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.
How up to date is your database of lawyers on the Kensington Mortgage conveyancing panel? Do Kensington Mortgage send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Kensington Mortgage conveyancing panel as opposed to being supplied with a list from Kensington Mortgage directly.
We're in Liverpool, First time buyers buying with a mortgage (lender is Kensington Mortgage , but our lawyer is on the Kensington Mortgage conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kensington Mortgage conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I had instructed online solicitors located in Cardiff who are on the Kensington Mortgage solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Kensington Mortgage mortgage. Is this an additional conveyancing fee specified by Kensington Mortgage?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Kensington Mortgage but by your lawyers. Some firms on the Kensington Mortgage will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Can I be sure that the solicitor on the Kensington Mortgage panel is any good?
obtaining recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Kensington Mortgage?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Kensington Mortgage conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Kensington Mortgage and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
