Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk mitigation tool.
This system facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Mortgage Express (No 2)’s changes. While utilising the software is not a prerequisite for Mortgage Express (No 2) , demonstrating you can stay up to date with Mortgage Express (No 2)’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.
Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Mortgage Express (No 2) are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: