Landbay Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It 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 alerts on Landbay’s changes. Notwithstanding that utilising this technology is not a condition for acceptance on the Landbay panel, demonstrating you can stay up to date with Landbay’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your firm’s panel standing.

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

Find a Law Firm approved by Landbay

Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Landbay 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, Landbay has made 69 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 39.6 days. In total, 26% of the sections of P2 of the UK Finance Lenders’ Handbook for Landbay have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 11/10/2019 CML
New Build Conveyancing
Landbay panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
10.7 31/08/2018 CML
Mortgage Advance and Certificate of Title
In the event of a delayed completion, when and how is advance to be returned to Landbay by the approved lawyer?
16.5.2 31/08/2018 CML
Deed of Variation
Contact details at Landbay for approved lawyers for confirming proposed deed of variation or agreement will not adversely affect Landbay
3.2.4 31/08/2018 CML
Sellers not having Legal Representation
Contact details at Landbay for conveyancing panel lawyers to used where Landbay needs to be notified when the seller does not have legal representation.
5.13.1 31/08/2018 CML
Balance of Monies
Contact details at Landbay for conveyancing panel lawyers where borrower is not providing balance of purchase price from funds/proposing to give second charge.
Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
5.4.6 31/08/2018 CML
Conveyancing Searches: Search Insurance
Landbay approved lawyers clarification as to whether they accept search insurance and, if yes, the Landbay requirements
Local Search Indemnity Insurance
6.7.1 31/08/2018 CML
New Build Conveyancing
Landbay panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
5.7.1c 31/08/2018 CML
Flying Freeholds
Contact details at Landbay for conveyancing panel lawyers where for reporting purposes where the property is a freehold flat or flying freehold, to which contact point must this be reported and where Landbay lend on such properties
5.20.4 31/08/2018 CML
Green Deal Plans
Landbay requirements for conveyancing panel/approved lawyers as to whether Landbay need to be notified/reported as to details of any existing Green Deal Plan(s) on a property
3.2.3 30/11/2015 CML
Conveyancing Solicitors Details for Sellers
Landbay requirements for notification of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller?

Last update 21/01/2020

FAQs : The Landbay Conveyancing Panel from members of the public

I would like to know the reason why all property lawyers are not on the Landbay Conveyancing panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
My solicitor has discovered an inconsistency between the surveyor’s assumptions in Landbay’s valuation survey and what is revealed within the title deeds. My solicitor informs me that as he is on the Landbay conveyancing panel he is obliged to check that the bank is happy with this discrepancy and is content go ahead. Is my lawyer’s approach legitimate?
A precondition to being on the Landbay approved panel is to comply with the CML Handbook requirements (last updated for this lender on Landbay) 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 both parties.
I see that you have a search directory identifying solicitors on the Landbay conveyancing panel. Do firms pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Landbay conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in London, First timers purchasing with a mortgage (lender is Landbay , but our solicitor is on the Landbay conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Landbay 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 it the case that all conveyancing lawyers on the Landbay conveyancing panel work on a no sale no fee basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
My husband and I are spending time looking at flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I intend to finance via a home loan with Landbay
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 Landbay , ask your prospective lawyers check they are on the Landbay conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat. I have a mortgage agreed with Landbay. Conveyancing is new to me. 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 Landbay you will need to appoint a solicitor on the Landbay conveyancing panel.