JPMorgan Conveyancing Lender Panel Compliance Tool

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

This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on JPMorgan’s changes. Notwithstanding that using this technology is not a prerequisite for JPMorgan , demonstrating you can remain up to date with JPMorgan’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by JPMorgan

Lenders often change their requirements. The UK Finance Lenders’ Handbook requirements from JPMorgan 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, JPMorgan has made 36 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 75.8 days. In total, 18% of the sections of P2 of the UK Finance Lenders’ Handbook for JPMorgan have been changed since 15/12/2008.

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FAQs : The JPMorgan Conveyancing Panel from members of the public

I am obtaining a mortgage with JPMorgan. my intention is to use a Licensed Conveyancer. Does the JPMorgan Solicitor panel include conveyancers regulated by the CLC
JPMorgan’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
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 JPMorgan will not agree to this. Why was JPMorgan even consulted?
Your lawyer being on the JPMorgan conveyancing panel is duty bound to inform JPMorgan of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to JPMorgan then they would have to discontinue acting for you and JPMorgan.
I require the services of a JPMorgan panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a JPMorgan panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to JPMorgan to find out which solicitors in JPMorgan are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am buying a new build flat and getting a mortgage with JPMorgan. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the JPMorgan 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 JPMorgan conveyancing panel in your location.
Is it the case that all solicitor firms on the JPMorgan conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the JPMorgan conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I previously instructed online solicitors located in London who are on the JPMorgan solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the JPMorgan mortgage. Is this an additional conveyancing fee set by JPMorgan?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by JPMorgan but by your lawyers. Some firms on the JPMorgan will charge an ‘acting for lender’ fee and others do not.
I am about to exchange contracts on a purchase with a mortgage from JPMorgan. The report from my solicitor mentions that JPMorgan could withdraw their offer before completion. Is this right?
Banks and Building Societies such as JPMorgan can revoke their mortgage offer although this is unusual. In the unlikely event that JPMorgan withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
  • Where information comes to JPMorgan ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that JPMorgan conveyancing panel solicitors would be obliged to notify JPMorgan of a change in the price of the property.
  • Where the sale is not at arms length for value to unconnected persons
  • Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
  • Where the Lender’s right to possession is fettered in some way