COMPLETIONmonitor

Paragon Mortgages Ltd Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Paragon Mortgages Ltd’s changes. While utilising COMPLETIONmonitor is not a prerequisite for Paragon Mortgages Ltd , demonstrating you can remain up to date with Paragon Mortgages Ltd’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

The system generates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Paragon Mortgages Ltd

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Paragon Mortgages Ltd 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, Paragon Mortgages Ltd has made 159 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 17.2 days. In total, 45% of the sections of P2 of the UK Finance Lenders’ Handbook for Paragon Mortgages Ltd have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

#	Date	Assoc.	Changes Related To
5.4.6	02/02/2017	CML	Conveyancing Searches: Search Insurance Paragon Mortgages Ltd panel lawyers clarification as to whether they accept search insurance and, if yes, the Paragon Mortgages Ltd requirements Local Search Indemnity Insurance
5.14.10	01/02/2017	CML	Leasehold Conveyancing Paragon Mortgages Ltd panel lawyers leasehold conveyancing requirements : contact for service charge matters
5.14.13	01/02/2017	CML	Leasehold Conveyancing Paragon Mortgages Ltd approved lawyers leasehold conveyancing requirements : requirement as to whether a copy of the notice or evidence of service of Notice of Charge needs to be sent to them
5.5.3d	01/02/2017	CML	Certificates of Lawful Use Paragon Mortgages Ltd approved lawyers clarification as to whether they need to send any certificates of lawful use or development/established use certificates Lack of Planning Permission Indemnity Insurance
6.7.1	01/02/2017	CML	New Build Conveyancing Paragon Mortgages Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
5.8.5	01/02/2017	CML	Leasehold Conveyancing : Freehold Reversion Paragon Mortgages Ltd approved lawyers clarification as to whether they accept security which comprises one of two leasehold flats in a building where the borrower also owns the freehold reversion of the other flat and the other leaseholder owns the freehold reversion in the borrower's flat? If so, are there any specific requirements??
1.11a	13/08/2015	CML	General Mortgage Instructions Contact details at Paragon Mortgages Ltd for approved lawyers to obtain mortgage documentation
6.14.1c	01/12/2014	CML	buildings insurance total sum insured calculation
10.7	01/09/2014	CML	Mortgage Advance and Certificate of Title In the event of a delayed completion, when and how is advance to be returned to Paragon Mortgages Ltd by the conveyancing panel?
3.2.4	01/09/2014	CML	Sellers not having Legal Representation Contact details at Paragon Mortgages Ltd for approved lawyers to used where Paragon Mortgages Ltd needs to be notified when the seller does not have legal representation.

Last update 08/01/2019