Lloyds Conveyancing Lender Panel Compliance Tool
COMPLETIONmonitor is web-based 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 system facilitates 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. Even though utilising 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, protect your panel status.
The system creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in a PII saving.
Find a Law Firm approved by Lloyds
Banks and building societies 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 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,
