COMPLETIONmonitor

Paragon Mortgages Ltd Conveyancing Lender Panel Compliance Tool

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

This software assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Paragon Mortgages Ltd’s changes. While using this technology is not a condition for being on the Paragon Mortgages Ltd panel, demonstrating you can stay up to date with Paragon Mortgages Ltd’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel standing.

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 some firms, results in reduced PII premiums.

Book a Paragon Mortgages Ltd Panel Compliance Demo

Mortgage companies often 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,

Book a Personalised Demo

Recent Changes Include

#	Date	Assoc.	Changes Related To
16.3.2	09/10/2017	CML	Transfer of Equity Paragon Mortgages Ltd details for requesting debt amount
16.3.7b	09/10/2017	CML	Transfer of Equity Paragon Mortgages Ltd guidance to approved lawyers for form of attestation clause for Transfer of Equity
16.3.7b	01/02/2017	CML	Transfer of Equity Paragon Mortgages Ltd guidance to conveyancing panel lawyers for form of attestation clause for Transfer of Equity
17.2.1b	01/02/2017	CML	Evidence of Discharge of Mortgage Do Paragon Mortgages Ltd send the discharge via a DS 1 form or direct with the Land Registry?
5.19.1	01/02/2017	CML	Shared Ownership and Shared Equity Contact details at Paragon Mortgages Ltd for conveyancing panel lawyers for lending on affordable housing, shared equity and shared ownership and where relevant Paragon Mortgages Ltd requirements.
1.11a	13/08/2015	CML	General Mortgage Instructions Contact details at Paragon Mortgages Ltd for conveyancing panel lawyers to obtain mortgage documentation
5.5.1b	01/12/2014	CML	conveyancing requirements in terms of time for building regulation consents
3.1.5	01/12/2014	CML	ID Documentation Paragon Mortgages Ltd panel lawyers requirements re ID Documentation: Further acceptable documents (if any)
3.2.3	01/09/2014	CML	Conveyancing Solicitors Details for Sellers Paragon Mortgages Ltd requirements for notification of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller?
5.20.4	01/09/2014	CML	Green Deal Plans Paragon Mortgages Ltd requirements for conveyancing panel/approved lawyers as to whether Paragon Mortgages Ltd need to be advised as to details of any existing Green Deal Plan(s) on a property

Last update 09/11/2018