COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk management tool.
This software is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Masthaven Bank’s changes. Notwithstanding that using COMPLETIONmonitor is not a condition for being on the Masthaven Bank panel, demonstrating you can remain up to date with Masthaven Bank’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel standing.
COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.
Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Masthaven Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: