COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk mitigation tool.
This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on First Direct’s changes. Notwithstanding that using this technology is not a condition for acceptance on the First Direct panel, demonstrating you can stay up to date with First Direct’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel status.
COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also simply to use, 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 First Direct are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: