COMPLETIONmonitor

Lloyds Conveyancing Lender Panel Compliance Tool

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

This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Lloyds’s changes. Notwithstanding that using this technology is not a condition for being on the Lloyds panel, demonstrating you can stay up to date with Lloyds’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Lloyds

Mortgage companies often 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, over time:

A Timeline of Policy Changes

Since 2008, Lloyds has made 225 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.1 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
6.4.4	31/08/2018	CML	Disclosing Incentives Lloyds TSB Bank plc - C&G mortgages approved lawyers additional requirements concerning reporting incentives
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
1.11a	05/06/2018	CML	General Mortgage Instructions Contact details at Lloyds TSB Bank plc - C&G mortgages for approved lawyers to obtain mortgage documentation
17.2.1a	15/03/2018	CML	Redemption Payments Where do solicitors and conveyancers send the discharge and repayment remittance in relation to Lloyds TSB Bank plc - C&G mortgages mortgages ?
6.7.1	07/03/2018	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages approved 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
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 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
7.4	23/05/2016	CML	Occupiers at the Property Contact details at Lloyds TSB Bank plc - C&G mortgages for approved conveyancers if doubts about accuracy of information concerning occupation of the property

Last update 18/07/2019