COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by Council of Mortgage Lenders and professional indemnity insurers. COMPLETIONmonitor is a unique risk mitigation tool.
This system optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Foundation Home loans’s changes. Even though utilising this technology is not a prerequisite for Foundation Home loans , demonstrating you can stay up to date with Foundation Home loans’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your panel standing.
The system generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to reduced PII premiums.
Lenders often vary their requirements. The UK Finance Lenders’ Handbook requirements from Foundation Home loans are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: