Frequently asked questions relating to the Kensington Mortgage Conveyancing Panel
from members of the public
My mortgage broker has says he needs my solicitor’s panel member for the Kensington Mortgage conveyancing panel. Can you suggest how I discover this. I have e-mailed my local Kensington Mortgage office 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.
I am due to move into my new home next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Kensington Mortgage. What does the insurance need to cover?
Any lawyer on the Kensington Mortgage conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Kensington Mortgage’s Part 2 requirements of the CML Handbook (last updated on Kensington Mortgage). Being on the Kensington Mortgage conveyancing panel your lawyer is expect to follow these requirements.
Are there any apps to help search for a local solicitor on the Kensington Mortgage conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the solicitor.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Kensington Mortgage solicitor panel.
I am purchasing a new build flat and getting a mortgage with Kensington Mortgage. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Kensington Mortgage conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Kensington Mortgage conveyancing panel in your location.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Kensington Mortgage conveyancing panel requirements are different to Kensington Mortgage’s conveyancing panel requirements.
We have a mortgage agreed in principle with Kensington Mortgage. Solicitors have been chosen? How long does it take for Kensington Mortgage to send the offer to our conveyancer
Some lenders take longer than others. Have Kensington Mortgage completed the valuation? Have you advised Kensington Mortgage as your lawyers details and checked that your lawyer is on the Kensington Mortgage conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I am selling my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Kensington Mortgage are being pedantic. The solicitor who is on the Kensington Mortgage conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Kensington Mortgage are requiring a building regulation certificate. Why do Kensington Mortgage have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Kensington Mortgage have referred the matter to their valuer. The reason why Kensington Mortgage may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.