Landbay Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based 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 system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Landbay’s changes. Even though using COMPLETIONmonitor is not a condition for acceptance on the Landbay panel, demonstrating you can remain up to date with Landbay’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in reduced PII premiums.

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Banks and building societies often change 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.

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FAQs : The Landbay Solicitor Panel from members of the public

My IFA has says he needs my solicitor’s panel reference for the Landbay conveyancing panel. What is the best way to obtain this. I have e-mailed my local Landbay branch but they have not got back to me yet.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Landbay panel reference.
I am purchasing a brand new flat and my solicitor is informing me that she is duty bound to reveal incentives from the builder as her practice is on the Landbay conveyancing panel. I am under pressure to exchange and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Landbay approved panel is to comply with the CML Handbook requirements (last updated for this lender on Landbay). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I need to have a meeting at the offices of the Landbay conveyancing panel solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in London so that I can attend their offices if necessary.
Whereas this was necessary ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in London .
My uncle passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Landbay , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Landbay will insist on your using a conveyancer on the Landbay conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Landbay conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Landbay mortgage is registered as a charge at the Land Registry.
We were going to get a DIP from Landbay this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Landbay recommend a solicitor on the Landbay conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Landbay conveyancing panel. The solicitor represents both you and the Landbay through the process.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Landbay on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Landbay conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Landbay panel she or he must comply with the CML Handbook requirements for Landbay. Unless your lawyer obtains specific confirmation in writing that Landbay will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Landbay to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I recently had an offer accepted on a house. My financial adviser suggested a solicitor I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Landbay conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Landbay panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.