ITL Mortgages Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on ITL Mortgages’s changes. While utilising COMPLETIONmonitor is not a prerequisite for ITL Mortgages , demonstrating you can stay up to date with ITL Mortgages’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by ITL Mortgages

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from ITL Mortgages 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, ITL Mortgages has made 249 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 11.0 days. In total, 51% of the sections of P2 of the UK Finance Lenders’ Handbook for ITL Mortgages 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
6.7.1 09/09/2019 CML
16.5.3b 11/04/2019 CML
16.5.3d 11/04/2019 CML
16.3.2 10/04/2019 CML
6.5.1 07/03/2019 CML
6.6.1 07/03/2019 CML
6.7.1 16/05/2018 CML
6.7.1 23/03/2018 CML
6.7.1 21/06/2017 CML
6.7.1 25/05/2017 CML

Last update 15/09/2019

Q and A’s regarding the ITL Mortgages Conveyancing Panel from members of the public

Is the fact that my solicitor is not isted on the ITL Mortgages Conveyancing panel that there is a problem with the quality of the firm’s work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for ITL Mortgages.
My solicitor has identified a difference between the surveyor’s assumptions in ITL Mortgages’s home valuation report and what is revealed within the legal papers for the property. My lawyer has advised that as he is on the ITL Mortgages conveyancing panel he is duty bound to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
A precondition to being on the ITL Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on ITL Mortgages) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Whilst your website is a good idea there are many lawyers listed near Coventry on the ITL Mortgages conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for ITL Mortgages ?
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 am purchasing a garden flat and getting a mortgage with ITL Mortgages. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the ITL Mortgages conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the ITL Mortgages conveyancing panel in your location.
When it comes to lenders such as ITL Mortgages do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
My brother and I have agreed a price on a house I spoke to a conveyancer previously used by my mum and he advised retaining a property lawyers approved by ITL Mortgages. The estate agent recommended two local firms so I asked ITL Mortgages if the 2 suggested solicitors are approved, which they are not. ITL Mortgages pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of ITL Mortgages '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 ITL Mortgages 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 ITL Mortgages 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 ITL Mortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet ITL Mortgages’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.
My husband and I are in the process of looking at flats and now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with ITL Mortgages
It would be sensible to have your start your search soon rather than later. 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 estate agent. As you are getting a mortgage with ITL Mortgages , ask your prospective lawyers check they are on the ITL Mortgages conveyancing panel otherwise they can't do the mortgage legal work.