Intelligent Finance Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Intelligent Finance’s changes. While using this technology is not a prerequisite for Intelligent Finance , demonstrating you can stay up to date with Intelligent Finance’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

The software creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Intelligent Finance

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Intelligent Finance are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Intelligent Finance has made 221 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.4 days. In total, 41% of the sections of P2 of the UK Finance Lenders’ Handbook for Intelligent Finance have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 21/11/2016 CML
16.5.3c 18/02/2016 CML
3.2.4 18/02/2016 CML
5.15.2a 18/02/2016 CML
6.13.1 18/02/2016 CML
6.6.1 18/02/2016 CML
6.6.2 18/02/2016 CML
7.4 18/02/2016 CML
4.1 01/12/2014 CML
14.1.5 01/12/2014 CML

Last update 17/01/2019

Q and A’s regarding the Intelligent Finance Conveyancing Panel from members of the public

Much to my surprise I have been told by my IFA that my solicitor is not on the Intelligent Finance Conveyancing panel. How can I be sure that this is correct?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Intelligent Finance.
Expecting to complete my purchase next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Intelligent Finance. What does the insurance need to cover?
Any lawyer on the Intelligent Finance conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Intelligent Finance’s Part 2 requirements of the CML Handbook (last updated on Intelligent Finance). Being on the Intelligent Finance conveyancing panel your lawyer is expect to follow these requirements.
I have been Googling for online conveyancing estimates. Can I be assured that all the law firms that are listed on your website are on the Intelligent Finance conveyancing panel?
The law firms listed on our site have advised us that they are on the Intelligent Finance panel and agreed to advise us to take down their listing in the event of removal off of the Intelligent Finance panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Intelligent Finance conveyancing panel is incorrect.
I am attempting to get my ex-wife removed the mortgage deeds. Can Intelligent Finance really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Intelligent Finance 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 Intelligent Finance solicitors panel
We have a mortgage agreed in principle with Intelligent Finance. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Intelligent Finance?
Some lenders take longer than others. Have Intelligent Finance completed the valuation? Have you advised Intelligent Finance as your lawyers details and checked that your lawyer is on the Intelligent Finance conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
We have agreed a price on a house I spoke to a conveyancer recommended by my uncle and he advised instructing a solicitor approved by Intelligent Finance. The estate agent recommended two local firms so I asked Intelligent Finance if the 2 suggested solicitors are approved, which they are not. Intelligent Finance suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Intelligent Finance 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Intelligent Finance for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Intelligent Finance conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Intelligent Finance conveyancing panel as it may only take about 2-3 weeks. As long as they meet Intelligent Finance’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Intelligent Finance are being problematic. The solicitor who is on the Intelligent Finance conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Intelligent Finance are insisting on a building regulation certificate. Why do Intelligent Finance have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Intelligent Finance have referred the matter to their valuer. The reason why Intelligent Finance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.