Kent Reliance Conveyancing Panel Recently Asked Questions
from members of the public
I have been advised by my broker that I have to pay Kent Reliance fees if I use my own solicitor. How efficient are the Kent Reliance conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Kent Reliance panel?
Kent Reliance’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Kent Reliance will allow to act for them.
Can you clarify something for me?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Kent Reliance was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My lawyer informs me that as she is on the Kent Reliance conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the Kent Reliance approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Kent Reliance)which states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Kent Reliance.
Are the lawyers identified as being on the Kent Reliance conveyancing panel, together with their details provided by Kent Reliance?
The firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
Please explain the implications if my solicitor is expelled from the Kent Reliance Solicitor panel before completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
My wife and I have arranged a further advance on our mortgage from Kent Reliance as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Kent Reliance conveyancing panel to deal with the paperwork?
Kent Reliance do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance panel
I have a mortgage with Kent Reliance. My uncle retired last week and wants to pay off my mortgage. After Kent Reliance is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Kent Reliance conveyancing panel? I do not intend to live at the property once the Kent Reliance mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Kent Reliance panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
I have a mortgage with Kent Reliance. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel lawyer.