Lloyds Conveyancing Lender Panel Compliance Tool
Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It 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 alerts on Lloyds’s changes. Even though utilising the software is not a prerequisite for Lloyds , demonstrating you can remain up to date with Lloyds’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your firm’s panel status.
The software generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in a PII saving.
Find a Law Firm approved by Lloyds
Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Lloyds 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, Lloyds has made 229
revisions or additions to sections of their version of the CML
Handbook.
That equates to a section change every 11.9 days.
In total, 33% of the sections of P2 of the UK Finance Lenders’ Handbook for Lloyds have been changed since 15/12/2008.
To find out more about lender panel compliance,
Recent Changes Include
| # | Date | Assoc. | Changes Related To |
| 16.3.7a | 30/03/2020 | CML | |
| 6.7.1 | 30/03/2020 | CML | |
| 6.7.1 | 21/06/2019 | CML | |
| 6.4.4 | 31/08/2018 | CML | |
| 16.5.3b | 16/01/2018 | CML | |
| 16.5.3c | 16/01/2018 | CML | |
| 6.7.1 | 19/05/2017 | CML | |
| 6.7.1 | 21/11/2016 | CML | |
| 5.1.1 | 24/10/2016 | CML | |
| 5.13.1 | 26/08/2016 | CML | Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance |
Last update 29/03/2020
