New Life Mortgages Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. It is a unique risk mitigation tool.

This system assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on New Life Mortgages’s changes. Notwithstanding that using the software is not a condition for acceptance on the New Life Mortgages panel, demonstrating you can remain up to date with New Life Mortgages’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

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, frequently:

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,

Book a Personalised Demo

Q and A’s regarding the New Life Mortgages Conveyancing Panel from members of the public

It has come to my attention via my broker that my the law firm I have appointed is not on the New Life Mortgages Solicitor panel. What can I do to check?
The best course of action for you to take is to contact your conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for New Life Mortgages.
We are approaching an exchange and my mum and dad having transferred 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 New Life Mortgages. I am advised that, being on the New Life Mortgages conveyancing panel and acting on their behalf he must inform New Life Mortgages if the balance of the mortgage advance is not just from me. I disclosed to 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 New Life Mortgages 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 New Life Mortgages if you agree, failing which, your lawyer must cease to continue acting.
Do all the licensed conveyancers and solicitor practices listed on your directory have online case tracking as I understood that this was a condition of being on the New Life Mortgages conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My conveyancers in Liverpool have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with New Life Mortgages. Is it case that being on the New Life Mortgages conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the New Life Mortgages Conveyancing Panel Terms. It might be worth you contacting New Life Mortgages directly.
Can I be sure that the solicitor on the New Life Mortgages panel is any good?
Getting recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your conveyancing
Planning on purchasing a flat with a mortgage with New Life Mortgages. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the New Life Mortgages conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the New Life Mortgages conveyancing panel
Me and my partner are purchasing a flat in Hendon. Conveyancing solicitors in Hendon will soon begiven the go-ahead. My brother-in-lawsuggested that we enquire that the solicitor in Hendon is on the New Life Mortgages approved list of lawyers. Is this right?
It is not that case that all Hendon conveyancing practices are on the New Life Mortgages conveyancing panel. Click here to find a Hendon conveyancing practitioner on the on the New Life Mortgages panel.