Information for Solicitors

Updated August 2017

We are happy to consider applications to join our panel, provided that the applying firm meets the requirements below.

All applications to join the Panel should be made by the Conveyancer to Kent Reliance via email to SolicitorsOnPanel@krbs.com.

All applications should be submitted with the required supporting information (see the relevant “Required supporting information” section below).

These criteria exist to protect and ensure best legal service for Kent Reliance and its customers.

Professional Indemnity cover requirement - applicable to all mortgages

In order to act for Kent Reliance on a given mortgage, a firm must hold valid minimum Professional Indemnity insurance cover of at least £2 million or the value of the loan advance being applied for, whichever is higher.

Additionally, the following criteria apply in terms of firm accreditation and structure, depending on the type of mortgage:

Residential mortgages and Buy-to-Let to individuals (excluding Limited Company/LLP/Shared Ownership):

  • Conveyancing Quality Scheme (CQS) accreditation plus
  • A minimum of 2 SRA Approved Managers in the firm plus
  • A minimum of 2 SRA Approved Managers in the office acting.
Or, if no CQS accreditation*:
  • A minimum of 3 SRA Approved Managers (or Council for Licenced Conveyancers (CLC) Licenced Managers) in the firm plus
  • A minimum of 2 SRA Approved Managers (or CLC Licenced Managers) in the office acting.

Required supporting information for CQS accredited applications:

1. Conveyancing name and address
2. Copy of current PI insurance cover evidencing cover of at least £2 million or the value of the loan advance being applied for, whichever is the higher
3. Full names of 2 SRA Approved Managers in the firm
4. Full names of 2 SRA Approved Managers in the office acting
5. CQS accreditation number.

Required supporting information for non-CQS accredited applications*:

1. Conveyancing name and address
2. Copy of current PI insurance cover evidencing cover of at least £2 million or the value of the loan advance being applied for, whichever is the higher
3. Full names of 3 SRA Approved Managers (or Council for Licensed Conveyancers (CLC) Licensed Managers) in the firm
4. Full names of 2 SRA Approved Managers (or CLC Licensed Managers) in the office acting.

Note: Only CQS accredited firms may act on Limited Company/LLP Buy to Let mortgages (see below).

*Note: Kent Reliance will be adopting CQS as a manadatory criteria for Conveyancing Panel membership during 2017, and will be removing any firms that do not have CQS accreditation. Therefore, it is strongly recommended all firms wishing to act for Kent Reliance apply for CQS accreditation. CLC Licensed firms will continue to be subject to the non-CQS criteria above.

Limited Company/LLP Buy to Let mortgages:

  • Conveyancing Quality Scheme (CQS) accreditation plus
  • A minimum of 2 SRA Approved Managers in the firm plus
  • A minimum of 2 SRA Approved Managers in the office acting.

Required supporting information:

1. Conveyancing name and address
2. Copy of current PI insurance cover evidencing cover of at least £2 million or the value of the loan advance being applied for, whichever is the higher
3. Full names of 2 SRA Approved Managers in the firm
4. Full names of 2 SRA Approved Managers in the office acting
5. CQS accreditation number.

Delays in providing the required information to support an application or as part of the renewal process may result in delays in processing your application and may result in your firm not being added/renewed, and may result in the firm being removed from our Conveyancing Panel.

Shared Ownership mortgages:

Only solicitors that are registered on our closed Shared Ownership Panel can act. Requests to be added to the Shared Ownership Panel will be considered by email to SolicitorsOnPanel@krbs.com. A firm must have a demonstrable track record in acting on Shared Ownership lending in order to be considered.

Kent Reliance reserves the right to amend these criteria at any time at its sole discretion. Kent Reliance reserves the right to remove and/or refuse to register any firm on its Conveyancing Panel at its sole discretion. Kent Reliance’s decision shall be final and no negotiations shall be entered into.

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  • Solicitors' Registration form

    Download our latest Solicitors' Registration Form

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  • Solicitors' instructions

    Download our latest Solicitors' Instructions here

    Download

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© OneSavings Bank plc 2017.
krbs, Kent Reliance Banking Services and Kent Reliance are trading names of OneSavings Bank plc. Registered in England and Wales (company number 7312896). Registered office: Reliance House, Sun Pier, Chatham, Kent, ME4 4ET. OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504). We subscribe to the Financial Services Compensation Scheme and the Financial Ombudsman Service.

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