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. It is a unique risk mitigation tool.
This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Lloyds’s changes. Even though using COMPLETIONmonitor 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, more importantly, safeguard your panel standing.
COMPLETIONmonitor 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
Lenders frequently 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 173
revisions or additions to sections of their version of the CML
Handbook.
That equates to a section change every 15.8 days.
In total, 27% 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,
