COMPLETIONmonitor

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 such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Lloyds’s changes. Even though utilising this technology is not a prerequisite for Lloyds , demonstrating you can stay up to date with Lloyds’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your firm’s panel status.

The system generates 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 many firms, leads to a PII saving.

Find a Law Firm approved by Lloyds

Mortgage companies 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 169 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 16.2 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,

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Recent Changes Include

#	Date	Assoc.	Changes Related To
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
16.1.1	05/06/2018	CML	Title Documents Lloyds TSB Bank plc - C&G mortgages details for requesting Title 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 ?
16.5.3a	16/01/2018	CML	Deed of Variation Lloyds TSB Bank plc - C&G mortgages requirements for approved lawyers as to whether Lloyds TSB Bank plc - C&G mortgages need to be sent a Deed of Variation
16.5.3d	16/01/2018	CML	Option Agreements Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel lawyers to send option agreements .
5.1.1	24/10/2016	CML	Properties owned for less than 6 months Contact details at Lloyds TSB Bank plc - C&G mortgages for approved lawyers where there is a restriction on use.
5.13.1	26/08/2016	CML	Balance of Monies Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel 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
5.13.1	23/05/2016	CML	Balance of Monies Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel 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 16/01/2020