Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk mitigation tool.
This system is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on RBS- First Active’s changes. Notwithstanding that utilising the software is not a condition for acceptance on the RBS- First Active panel, demonstrating you can stay up to date with RBS- First Active’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your firm’s panel status.
The software creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.
Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from RBS- First Active are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: