Barclays plc Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It 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 Barclays plc’s changes. Even though utilising the software is not a prerequisite for Barclays plc , demonstrating you can remain up to date with Barclays plc’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA 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.

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Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Barclays plc 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, Barclays plc has made 214 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.8 days. In total, 39% of the sections of P2 of the UK Finance Lenders’ Handbook for Barclays plc 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
16.1.1 01/06/2017 CML
16.3.7a 01/06/2017 CML
16.5.3b 01/06/2017 CML
16.5.3d 01/06/2017 CML
17.1.1 01/06/2017 CML
6.7.4 15/07/2016 CML
5.5.1b 01/12/2014 CML
6.14.1a 01/12/2014 CML
6.14.1d 01/12/2014 CML
5.20.1 01/12/2014 CML

Last update 16/11/2018

Examples of recent questions relating to the Barclays - Woolwich Conveyancing Panel from members of the public

Is there a reason why all property lawyers are not on the Barclays - Woolwich Conveyancing panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
I am due to move into my new home next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Barclays - Woolwich. What does the insurance need to cover?
Any lawyer on the Barclays - Woolwich conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Barclays - Woolwich’s Part 2 requirements of the CML Handbook (last updated on Barclays - Woolwich). Being on the Barclays - Woolwich conveyancing panel your lawyer is expect to follow these requirements.
I need to find a Barclays - Woolwich panel solicitor in Belfast. Can you assist?
It is not clear why you need a Barclays - Woolwich panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Barclays - Woolwich to find out which solicitors in Barclays - Woolwich are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am buying a semi-detached house and getting a mortgage with Barclays - Woolwich. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Barclays - Woolwich conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Barclays - Woolwich conveyancing panel in your location.
Do conveyancing lawyers on the Barclays - Woolwich conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
My fiance and I are in the process of looking at apartments and am about to put in an offer. Is it premature to have a solicitor in place? I I am planning to take a home loan with Barclays - Woolwich
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Barclays - Woolwich , make sure you remember to check that your lawyer is on the Barclays - Woolwich conveyancing panel.
My existing mortgage is with Barclays - Woolwich. My grandfather retired last week and wants to pay off the mortgage left on the property. After Barclays - Woolwich is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Barclays - Woolwich conveyancing panel? I do not intend to live at the property once the Barclays - Woolwich mortgage is discharged.
You will need a solicitor but they need not be on the Barclays - Woolwich 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. There's no capital gains tax for you as it is your main residence.