Landbay Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It is a unique risk mitigation tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Landbay’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a prerequisite for Landbay , 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, safeguard your panel status.

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

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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 64 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 42.7 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,

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Recent Changes Include

# Date Assoc. Changes Related To
16.5.3d 31/08/2018 CML
17.2.1a 31/08/2018 CML
3.2.4 31/08/2018 CML
5.14.11 31/08/2018 CML Defective Lease Indemnity Insurance
5.14.1 31/08/2018 CML
10.11 28/06/2017 CML
14.2.1 28/06/2017 CML
16.3.1 28/06/2017 CML
1.7 28/06/2017 CML
6.14.1 30/11/2015 CML

Last update 11/01/2019

Landbay Solicitor Panel Example Support Desk Enquires from members of the public

A solicitor my fiance and I wanted to use for conveyancing on a purchase said she will levy higher legal fees if my lender is because of their unusual legal requirements. Am I likely to be frustrated using Landbay? Any comments will be appreciated
Landbay conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Landbay conveyancing panel. If they are not, this does add further risk of delay as Landbay will appoint their own solicitors to look after their interest.
My lawyer has discovered a difference when comparing the assumptions in Landbay’s home valuation report and what is revealed within the title deeds. My lawyer has advised that as he is on the Landbay conveyancing panel he needs to ensure that the bank is with this discrepancy and is still content to lend. Is my solicitor’s course or action right?
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 you.
I am searching for conveyancing quotes online. Can I be sure that all the law firms that are identified on your website are on the Landbay conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Landbay panel and agreed to advise us to take down their listing in the event of removal off of the Landbay panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Landbay conveyancing panel is incorrect.
What happens if my solicitor is suspended from the Landbay Conveyancing panel prior to the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it the case that all conveyancing solicitors on the Landbay conveyancing panel work on a no move no charge basis?
In the main there are 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 package
is it true that all solicitor practices on the Landbay conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Landbay 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 have instructed a lawyer having checked that they are on the Landbay conveyancing panel. Does my lawyer arrange the survey of the property? Or I've read lots of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Landbay conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Landbay will need an independent valuation of the property. Your lawyer will not arrange this. Usually Landbay will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Landbay you could contact your them to see if they have a list of approved surveyors.