LiveMore Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on LiveMore’s changes. While using this technology is not a condition for acceptance on the LiveMore panel, demonstrating you can stay up to date with LiveMore’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel status.

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

Find a Law Firm approved by LiveMore

Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from LiveMore 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

To find out more about lender panel compliance,

Book a Personalised Demo

Frequently asked questions relating to the LiveMore Conveyancing Panel from members of the public

On what basis could a firm of solicitors be removed from the LiveMore solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by LiveMore
We are getting closer to an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender LiveMore. Apparently, being on the LiveMore conveyancing panel and acting on their behalf he must inform LiveMore if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with LiveMore to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to LiveMore if you agree, failing which, your lawyer must cease to continue acting.
I am looking for competitive conveyancing fees. Can I be assured that all the practices that are identified on your directory are on the LiveMore conveyancing panel?
The law firms listed on our site have advised us that they are on the LiveMore panel and agreed to advise us to take down their listing in the event of removal off of the LiveMore 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 LiveMore conveyancing panel is incorrect.
We're in Birmingham, FTBs buying with a mortgage (lender is LiveMore , but our lawyer is on the LiveMore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the LiveMore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Are all conveyancing solicitors on the LiveMore conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the LiveMore 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 previously instructed online conveyancers located in London who are on the LiveMore solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the LiveMore mortgage. Is this an additional conveyancing fee specified by LiveMore?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by LiveMore but by your lawyers. Some firms on the LiveMore will charge an ‘acting for lender’ fee and others do not.
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the LiveMore conveyancing panel requirements are different to LiveMore’s conveyancing panel requirements.