JPMorgan Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on JPMorgan’s changes. While utilising the tool is not a condition for acceptance on the JPMorgan panel, demonstrating you can remain up to date with JPMorgan’s Handbook requirements is a helpful support to your panel application and, more importantly, protect your panel status.

The software 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, leads to reduced PII premiums.

Find a Law Firm approved by JPMorgan

Banks and building societies frequently 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, over time:

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.

To find out more about lender panel compliance,

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Frequently asked questions relating to the JPMorgan Solicitor Panel from members of the public

My property lawyer has never been on on the JPMorgan Conveyancing Panel. Can I still retain my preferred solicitor even though they are not on the JPMorgan panel?
The most common options here are as follows:
  1. Carry on with your existing lawyers but JPMorgan will need to instruct a lawyer on the JPMorgan conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the JPMorgan conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the JPMorgan conveyancing panel
Our lawyer has uncovered a defect with the lease for the property we are buying. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor has advised that as he is on the JPMorgan conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or JPMorgan?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and JPMorgan are the client. A precondition to being on the JPMorgan approved panel is to comply with the CML Handbook requirements (last updated for this lender on JPMorgan). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that JPMorgan can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
I need to find a JPMorgan panel solicitor in Belfast. Could you help me?
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
We're in Birmingham, First timers purchasing with a mortgage (lender is JPMorgan , but our lawyer is on the JPMorgan conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the JPMorgan conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the JPMorgan conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with JPMorgan. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with JPMorgan you will need to appoint a solicitor on the JPMorgan conveyancing panel.
I am selling my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, JPMorgan are being a right pain. The solicitor who is on the JPMorgan conveyancing panel is happy to accept ‘lack of building regulation’ insurance but JPMorgan are requiring a building regulation certificate. Why do JPMorgan have a conveyancing panel of they don’t accept advice from them?
It is probably the case that JPMorgan have referred the matter to their valuer. The reason why JPMorgan 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.