Intelligent Finance Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk mitigation tool.

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

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Intelligent Finance

Banks and building societies frequently 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 329 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 8.3 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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
1.11a 28/06/2019 CML
3.2.4 28/06/2019 CML
5.16.2 28/06/2019 CML
6.7.1 07/03/2018 CML
10.9 18/02/2016 CML
16.5.3c 18/02/2016 CML
16.5.3d 18/02/2016 CML
1.7 18/02/2016 CML
4.5b 18/02/2016 CML
5.15.2a 18/02/2016 CML

Last update 13/11/2019

Intelligent Finance Solicitor Panel Sample Enquires to our Call Center from members of the public

A conveyancer my fiance and I had intended to instruct on a purchase said she would charge more if my mortgage is with Intelligent Finance because of their unusual legal requirements. Am I likely to be frustrated using Intelligent Finance? Is Intelligent Finance conveyancing so much more difficult?
Intelligent Finance conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Intelligent Finance conveyancing panel. If they are not, this does add further risk of delay as Intelligent Finance will appoint their own solicitors to look after their interest.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Intelligent Finance will not agree to this. Why was Intelligent Finance even consulted?
Your lawyer being on the Intelligent Finance conveyancing panel is duty bound to inform Intelligent Finance of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Intelligent Finance then they would have to discontinue acting for you and Intelligent Finance.
Your search tool is useful but there are many lawyers listed near Coventry on the Intelligent Finance conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Intelligent Finance ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I was supposed to move into my first house last Thursday. My lawyer’s firm is on the Intelligent Finance conveyancing panel but has moved offices 8 weeks ago and had not advised Intelligent Finance of their new address. Intelligent Finance is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Intelligent Finance branch or your mortgage broker to see if they can help.
Is there a list of Intelligent Finance panel solicitors on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
My fiance and I are in the throws of viewing houses and am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Intelligent Finance
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Intelligent Finance , make sure you remember to check that your lawyer is on the Intelligent Finance conveyancing panel.
Sometime soon me and my wife are taking a long lease of a garden flat in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My colleagueadvised that we check that the property lawyer in Hendon is on the Intelligent Finance list of approved conveyancing firms. Aren't all lawyers on the Intelligent Finance panel?
Far from all Hendon conveyancing firms are on the Intelligent Finance conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing solicitor on the on the Intelligent Finance approved list of lawyers.