LendInvest Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with alerts on LendInvest’s changes. Even though utilising this technology is not a prerequisite for LendInvest , demonstrating you can stay up to date with LendInvest’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by LendInvest

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from LendInvest 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, LendInvest has made 1 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 2730.0 days. In total, 0% of the sections of P2 of the UK Finance Lenders’ Handbook for LendInvest have been changed since 15/12/2008.

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

I instructed a law firm to carry out on my remortgage 5 weeks ago having applied for a mortgage with LendInvest. The law firm assured me that they are on LendInvest conveyancing panel and advised me their panel number. LendInvest then told me that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the approved panel for LendInvest?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the LendInvest conveyancing panel You may wish to enlist the help of your broker to check with the LendInvest as to how long they think it will take to get the firm to get back on the panel.
My fiance and I are refinancing our apartment with LendInvest. We have a son approaching twenty who lives with us. The solicitor on the LendInvest conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the LendInvest conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to LendInvest .This is solely used to protect the LendInvest if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of LendInvest had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I have been searching for online conveyancing estimates. Can I be sure that all the law firms that are identified on your website are on the LendInvest conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the LendInvest panel and agreed to advise us to take down their listing in the event of removal off of the LendInvest panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the LendInvest conveyancing panel is incorrect.
My grandmother passed away 10 months ago and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to LendInvest , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then LendInvest will insist on your using a conveyancer on the LendInvest 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 LendInvest 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 LendInvest mortgage is registered as a charge at the Land Registry.
We were going to get a DIP from LendInvest this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the LendInvest recommend a solicitor on the LendInvest conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the LendInvest conveyancing panel. The solicitor represents both you and the LendInvest through the process.
I have paid off my mortgage with LendInvest. I assume I don't need a solicitor on the LendInvest panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your LendInvest mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the LendInvest mortgage from the register. LendInvest,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the LendInvest has sent the Land Registry the discharge electronically, and the LendInvest has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your LendInvest mortgage has been paid off.
I had an offer accepted on a house on the 20th January 2014, valuation was booked 3 days after, all came back fine. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to LendInvest and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the LendInvest conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for LendInvest to deal with your lawyers application to be on the LendInvest conveyancing panel. There's no guarantee that your solicitors will be accepted.