LendInvest Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML 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 stay fully compliant with their requirements, with alerts on LendInvest’s changes. Notwithstanding that utilising the tool is not a prerequisite for LendInvest , demonstrating you can stay up to date with LendInvest’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel standing.

The system creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

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.

To find out more about lender panel compliance,

Book a Personalised Demo

LendInvest Conveyancing Panel Recently Asked Questions from members of the public

My husband and I are FTBs. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. LendInvest have this afternoon contacted us to advise us that they have now hit a problem as our conveyancer is not on their conveyancing panel. What do we do from here?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact LendInvest and see if they can apply for membership of the LendInvest conveyancing panel, but if that is not viable LendInvest will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the LendInvest conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.

I do hope you can help me. My solicitor is informing me me that she is duty-bound to conduct a Local Authority search because the firm are on the LendInvest approved lawyer panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with LendInvest your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of LendInvest’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated LendInvest. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I have been looking for online conveyancing estimates. Can I be sure that all the law firms that are listed on your directory are on the LendInvest conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us 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 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.
Are all Conveyancing Quality Solicitors on the LendInvest conveyancing panel?
A selection of banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
is it true that all solicitor firms on the LendInvest conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the LendInvest 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 recently had an offer accepted on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 150. 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.