Lloyds Conveyancing Lender Panel Compliance Tool
COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk management tool.
This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Lloyds’s changes. Notwithstanding that utilising the software is not a prerequisite for Lloyds , demonstrating you can stay up to date with Lloyds’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your firm’s panel standing.
The software generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.
Find a Law Firm approved by Lloyds
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:
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,
