LendInvest Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on LendInvest’s changes. Even though utilising COMPLETIONmonitor is not a condition for acceptance on the LendInvest panel, demonstrating you can remain up to date with LendInvest’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel standing.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by LendInvest

Banks and building societies frequently vary 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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Recent Changes Include

# Date Assoc. Changes Related To
8.1 17/08/2018 CML
Circumstances Requiring Independent Legal Advice
LendInvest approved conveyancer requirements re circumstances requiring independent legal advice : Do LendInvest allow a firm to advise any of the specified third parties

Last update 14/05/2019

Examples of recent questions relating to the LendInvest Conveyancing Panel from members of the public

The conveyancer I had intended to instruct on a remortgage said he would charge more if my mortgage is with LendInvest due to their unusual legal requirements. Will I regret using LendInvest? Is LendInvest conveyancing so much more difficult?
LendInvest 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 LendInvest conveyancing panel. If they are not, this does add further risk of delay as LendInvest will appoint their own solicitors to look after their interest.
Can you help?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from LendInvest was issued random date and we have agreed a date for me to move into the property on 6. My solicitor has advised that as she is on the LendInvest conveyancing panel she needs to redo the searches as they are no longer acceptable to the lender.
A precondition to being on the LendInvest approved panel is to comply with the CML Handbook requirements (last updated for this lender on LendInvest)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to LendInvest.
Your search tool is useful but there are many lawyers listed near London on the LendInvest conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for LendInvest ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My house is up for sale and I have a buyer. Does my solicitor have to be on the LendInvest conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the LendInvest conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with LendInvest. 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 LendInvest you will need to appoint a solicitor on the LendInvest conveyancing panel.
I currently have a mortgage with with LendInvest. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform LendInvest?
You must advise LendInvest prior to renting your property as this is likely to be a breach of LendInvest’s mortgage conditions. It may be that LendInvest will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact LendInvest directly. It should not be necessary to do this via a LendInvest conveyancing panel firm.
I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 225. Soon after the conveyancers contacted me to say that they were not on the LendInvest 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 LendInvest 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.