Fleet Mortgages Conveyancing Lender Panel Compliance Tool

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 management tool.

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Fleet Mortgages’s changes. While using the tool is not a condition for acceptance on the Fleet Mortgages panel, demonstrating you can remain up to date with Fleet Mortgages’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Fleet Mortgages

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Fleet Mortgages 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, Fleet Mortgages has made 59 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 46.3 days. In total, 18% of the sections of P2 of the UK Finance Lenders’ Handbook for Fleet Mortgages have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Common questions asked concerning the Fleet Mortgages Solicitor Panel from members of the public

I have been advised by my broker that I have to pay Fleet Mortgages fees should I instruct my family lawyer. How good are the Fleet Mortgages conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and not exorbitantly priced. Would you recommend a specific law firm on the Fleet Mortgages panel?
Fleet Mortgages’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Fleet Mortgages will allow to act for them.
My husband and I intend to remortgage our apartment with Fleet Mortgages. We have a son 18 who lives with us. The solicitor on the Fleet Mortgages conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Fleet Mortgages conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Fleet Mortgages conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Fleet Mortgages .This is solely used to protect the Fleet Mortgages if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Fleet Mortgages had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

How up to date is your search tool for the Fleet Mortgages conveyancing panel? Do Fleet Mortgages send you an updated list?
The firms themselves provide us confirmation that they are on the Fleet Mortgages conveyancing panel as opposed to being supplied with a list from Fleet Mortgages directly.
I would like to get my ex-wife taken off the mortgage deeds. Can Fleet Mortgages really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Fleet Mortgages then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Fleet Mortgages solicitors panel
Is it common for Fleet Mortgages to withdraw a mortgage offer and what would be the reasoning?
Lenders such as Fleet Mortgages can withdraw their mortgage offer although this rarely happens. should Fleet Mortgages withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are many potential reasons but here are a few examples:
  • Where information comes to Fleet Mortgages ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Fleet Mortgages may amend or withdraw an offer if the Fleet Mortgages conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • If the financial circumstances of the borrower have changed to the detriment and the Fleet Mortgages has been notified
  • If the borrower informs Fleet Mortgages of a change in the loan amount agreed
  • Where the lender has to take account a recent change in taxation
I have a mortgage with Fleet Mortgages. Conveyancing was finalised a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Fleet Mortgages?
Your original mortgage agreement with Fleet Mortgages will provide that you need their approval prior to letting out your property as this is likely to be a breach of Fleet Mortgages’s mortgage conditions. It may be that Fleet Mortgages will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Fleet Mortgages directly. You need not do this via a Fleet Mortgages conveyancing panel solicitor.
I was told two weeks ago that my mortgage has been agreed to by Fleet Mortgages. Is it usual for Fleet Mortgages to only issue the offer once my solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Fleet Mortgages to deal with your lawyers application to be on the Fleet Mortgages conveyancing panel. There's no guarantee that your solicitors will be accepted.