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 PI insurers. COMPLETIONmonitor is a unique risk management tool.
This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Lloyds’s changes. Notwithstanding that utilising the tool 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 firm’s panel standing.
COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to reduced PII premiums.
Find a Law Firm approved by Lloyds
Lenders 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, frequently:
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,
Recent Changes Include
| # | Date | Assoc. | Changes Related To |
| 6.4.4 | 31/08/2018 | CML | |
| 17.1.1 | 30/08/2018 | CML | |
| 6.7.1 | 13/08/2018 | CML | |
| 17.2.1a | 15/03/2018 | CML | |
| 6.7.1 | 07/03/2018 | CML | |
| 16.5.3b | 16/01/2018 | CML | |
| 6.7.1 | 10/07/2017 | CML | |
| 10.2b | 23/05/2016 | CML | |
| 10.7 | 23/05/2016 | CML | |
| 7.4 | 23/05/2016 | CML |
Last update 17/09/2019
