COMPLETIONmonitor

Lloyds Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. It is a unique risk mitigation tool.

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

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Lloyds

Banks and building societies 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, frequently:

A Timeline of Policy Changes

Since 2008, Lloyds has made 167 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 16.3 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
6.4.4	31/08/2018	CML	Disclosing Incentives Lloyds TSB Bank plc - C&G mortgages panel lawyers additional requirements concerning reporting incentives
17.1.1	30/08/2018	CML	Redemption Statements Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel lawyers to request redemption statements .
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
16.5.3a	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
16.5.3c	16/01/2018	CML	Deed of Easement Contact details at Lloyds TSB Bank plc - C&G mortgages for conveyancing panel lawyers to send the deed of easement .
6.7.1	10/07/2017	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.7.1	19/05/2017	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
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
6.7.1	09/05/2016	CML	New Build Conveyancing Lloyds TSB Bank plc - C&G mortgages approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes

Last update 22/03/2019