COMPLETIONmonitor

Lloyds Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Lloyds’s changes. Notwithstanding that using COMPLETIONmonitor is not a prerequisite for Lloyds , demonstrating you can remain up to date with Lloyds’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to 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 223 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.2 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,

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Recent Changes Include

#	Date	Assoc.	Changes Related To
17.1.1	30/08/2018	CML	Redemption Statements Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel lawyers to request redemption statements .
6.7.1	13/08/2018	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.7.1	19/05/2017	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.7.1	21/11/2016	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
5.1.1	24/10/2016	CML	Properties owned for less than 6 months Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel lawyers where there is a restriction on use.
5.13.1	26/08/2016	CML	Balance of Monies Contact details at Lloyds TSB Bank plc - C&G mortgages for approved lawyers where borrower is not providing balance of purchase price from funds/proposing to give second charge. Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
10.2a	23/05/2016	CML	Mortgage Advance and Certificate of Title Do Lloyds TSB Bank plc - C&G mortgages send the mortgage advance electronically or by cheque?
10.2b	23/05/2016	CML	Mortgage Advance and Certificate of Title What is the minimum number of days notice Lloyds TSB Bank plc - C&G mortgages require ahead of sending the mortgage advance?
5.13.1	23/05/2016	CML	Balance of Monies Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel lawyers where borrower is not providing balance of purchase price from funds/proposing to give second charge. Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
6.7.1	09/05/2016	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes

Last update 20/03/2019