COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by PI insurers. It is a unique risk management tool.
This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Lloyds TSB Scotland’s changes. While using this technology is not a condition for being on the Lloyds TSB Scotland panel, demonstrating you can stay up to date with Lloyds TSB Scotland’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your firm’s panel status.
The software creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, results in reduced PII premiums.
Mortgage companies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Lloyds TSB Scotland are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: