Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk management tool.
This system assists the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Cynergy Bank’s changes. Even though using this technology is not a condition for being on the Cynergy Bank panel, demonstrating you can remain up to date with Cynergy Bank’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.
Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Cynergy Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: