Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by Council of Mortgage Lenders and PI insurers. It is a unique risk mitigation tool.
This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Lloyds’s changes. While utilising the software is not a condition for acceptance on the Lloyds panel, demonstrating you can stay up to date with Lloyds’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel status.
The software creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.
Banks and building societies frequently change 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, frequently: