Kensington Mortgage Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Kensington Mortgage’s changes. While using the tool is not a prerequisite for Kensington Mortgage , demonstrating you can remain up to date with Kensington Mortgage’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Kensington Mortgage

Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Kensington Mortgage are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Kensington Mortgage has made 518 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 5.3 days. In total, 96% of the sections of P2 of the UK Finance Lenders’ Handbook for Kensington Mortgage have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Kensington Mortgage Solicitor Panel Recently Asked Questions from members of the public

For what reasons would a law firm be excluded from the Kensington Mortgage solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Kensington Mortgage
Our son-in-law is about to exchange on a new build apartment with a home loan from Kensington Mortgage. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the transaction. 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.

Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Kensington Mortgage solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Kensington Mortgage , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Kensington Mortgage will insist on your using a conveyancer on the Kensington Mortgage conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kensington Mortgage conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kensington Mortgage mortgage is registered as a charge at the Land Registry.
Is there a list of Kensington Mortgage panel conveyancers on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I had instructed online conveyancers based in Manchester who are on the Kensington Mortgage solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Kensington Mortgage mortgage. Is this an additional conveyancing fee set 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 and others do not.
I'm in the throws of viewing apartments and am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Kensington Mortgage
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer 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 , ask your prospective lawyers check they are on the Kensington Mortgage conveyancing panel otherwise they can't do the mortgage legal work.