COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by professional indemnity insurers. It is a unique risk management tool.
This system assists the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Bank of Scotland’s changes. Even though utilising the tool is not a condition for being on the Bank of Scotland panel, demonstrating you can stay up to date with Bank of Scotland’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.
Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Bank of Scotland are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: