ITL Mortgages Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online 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 is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on ITL Mortgages’s changes. While utilising the software is not a prerequisite for ITL Mortgages , demonstrating you can remain up to date with ITL Mortgages’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel standing.

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

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Banks and building societies frequently change 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, frequently:

A Timeline of Policy Changes


Since 2008, ITL Mortgages has made 244 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 11.2 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
16.5.3b 11/04/2019 CML
17.2.1a 10/04/2019 CML
6.5.1 07/03/2019 CML
6.6.1 07/03/2019 CML
6.7.1 23/01/2019 CML
3.1.3 16/01/2019 CML
5.20.3 05/07/2017 CML
6.7.1 25/05/2017 CML
14.2.2 08/05/2017 CML
5.4.4 11/11/2016 CML

Last update 18/05/2019

ITL Mortgages Conveyancing Panel Sample Enquires to our Call Center from members of the public

My financial adviser has says he needs my solicitor’s panel reference for the ITL Mortgages conveyancing panel. Can you suggest how I obtain this. I have tried my local ITL Mortgages branch but they have not responded to me.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the ITL Mortgages panel reference.
Please help. My conveyancer is assuring me that he has to conduct a Local Authority search stemming from the fact that the firm are on the ITL Mortgages solicitor panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with ITL Mortgages your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of ITL Mortgages’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated ITL Mortgages. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I need to find a ITL Mortgages panel solicitor in Inverness. Can you assist?
It is not clear why you need a ITL Mortgages panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to ITL Mortgages to find out which solicitors in ITL Mortgages are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am considering applying for a ITL Mortgages mortgage for purchase of a new build (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for ITL Mortgages?
In theory, you could use a solicitor that is not on ITL Mortgages conveyancing panel, but ITL Mortgages would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with ITL Mortgages. Is it possible to avoid using solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with ITL Mortgages involved you will need to appoint a solicitor on the ITL Mortgages conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to ITL Mortgages. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the ITL Mortgages conveyancing panel.
My fiance and I are in the process of viewing flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a mortgage with ITL Mortgages
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use 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.
I have a mortgage with ITL Mortgages. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform ITL Mortgages?
Your original mortgage agreement with ITL Mortgages will provide that you need their approval prior to renting your property as this is likely to be a breach of ITL Mortgages’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 ITL Mortgages directly. It should not be necessary to do this via a ITL Mortgages conveyancing panel lawyer.