Banks and Clients Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Banks and Clients’s changes. While utilising the tool is not a prerequisite for Banks and Clients , demonstrating you can remain up to date with Banks and Clients’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your firm’s panel status.

The software creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Banks and Clients

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Banks and Clients are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Banks and Clients has made 1 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 2730.0 days. In total, 0% of the sections of P2 of the UK Finance Lenders’ Handbook for Banks and Clients 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
6.14.1 30/11/2015 CML

Last update 19/07/2019

Common questions asked concerning the Banks and Clients Conveyancing Panel from members of the public

Is there a reason why all property lawyers are not on the Banks and Clients Conveyancing panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
I am purchasing a new build apartment and my lawyer is informing me that she is duty bound to disclose incentives from the builder as her practice is on the Banks and Clients conveyancing panel. I am nearing the developer’s deadline to exchange and I dont want to prolong deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Banks and Clients approved panel is to comply with the CML Handbook requirements (last updated for this lender on Banks and Clients). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Banks and Clients conveyancing panel. My lawyer has said that they are on the Banks and Clients approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Banks and Clients conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Banks and Clients solicitor panel.
We're in London, FTBs buying with a mortgage (lender is Banks and Clients , but our solicitor is on the Banks and Clients conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Banks and Clients conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Banks and Clients conveyancing panel requirements are different to Banks and Clients’s conveyancing panel criteria.
We expect to receive a DIP from Banks and Clients this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Banks and Clients recommend a solicitor on the Banks and Clients conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Banks and Clients conveyancing panel. The solicitor represents both you and the Banks and Clients through the process.
I have a mortgage with Banks and Clients. My grandfather has just retired and wants to pay off the mortgage left on the property. After Banks and Clients is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Banks and Clients conveyancing panel? I do not intend to live at the property once the Banks and Clients mortgage is discharged.
You will need a solicitor but they need not be on the Banks and Clients conveyancing 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.