New Life Mortgages Conveyancing Lender Panel Compliance Tool

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Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor 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 New Life Mortgages’s changes. Notwithstanding that utilising the tool is not a prerequisite for New Life Mortgages , demonstrating you can stay up to date with New Life Mortgages’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel standing.

The software generates real-time alerts, automatically produces compliance and CQS reports, and will enhance 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 New Life Mortgages

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from New Life Mortgages 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, New Life Mortgages has made 238 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 11.5 days. In total, 41% of the sections of P2 of the UK Finance Lenders’ Handbook for New Life Mortgages have been changed since 15/12/2008.

To find out more about lender panel compliance,

FAQs : The New Life Mortgages Solicitor Panel from members of the public

My Solicitor is not on the New Life Mortgages Approved Panel. Can I still use my preferred solicitor even though they are not on the New Life Mortgages list of approved lawyers?
You have a number of options available to you here:
  1. Carry on with your preferred lawyers but New Life Mortgages will need to instruct a lawyer on the New Life Mortgages conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the New Life Mortgages conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the New Life Mortgages conveyancing panel
Please help. My conveyancer is informing me me that he has to apply for a Local Authority search stemming from the fact that the firm are on the New Life Mortgages approved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with New Life Mortgages 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 New Life Mortgages’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated New Life Mortgages. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the New Life Mortgages conveyancing panel. My lawyer has said that they are on the New Life Mortgages approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the New Life Mortgages conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the New Life Mortgages solicitor panel.
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to New Life Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then New Life Mortgages will insist on your using a conveyancer on the New Life Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your New Life Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the New Life Mortgages mortgage is registered as a charge at the Land Registry.
Do most lenders 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 New Life Mortgages conveyancing panel requirements are different to New Life Mortgages’s conveyancing panel requirements.
New Life Mortgages have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up New Life Mortgages or your broker and complete any relevant paperwork. New Life Mortgages will tell you what documents they want. New Life Mortgages will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. New Life Mortgages will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
Sometime soon me and my wife are acquiring a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to begiven the go-ahead. My friendadvised that we double-check that the conveyancing practitioner in Hendon is on the New Life Mortgages list of approved conveyancing firms. Surely I don't need to do this, do I?
Far from all Hendon conveyancing solicitors are on the New Life Mortgages conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the New Life Mortgages panel.

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