New Life Mortgages Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on New Life Mortgages’s changes. Even though using this technology is not a condition for being 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, safeguard your firm’s panel standing.

The system generates real-time alerts, automatically produces COLP 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.

Find a Law Firm approved by New Life Mortgages

Banks and building societies frequently vary 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 112 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 24.4 days. In total, 18% 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,

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 19/12/2018 CML
6.7.1 05/07/2017 CML
6.7.1 04/07/2017 CML
5.14.1 17/08/2016 CML
5.17.5b 20/12/2012 CML
17.2.1b 01/12/2010 CML
4.1 01/12/2010 CML
5.14.15b 01/12/2010 CML Absentee Landlord Indemnity Insurance
5.5.1a 01/12/2010 CML
5.5.1b 01/12/2010 CML

Last update 16/01/2019

New Life Mortgages Conveyancing Panel Example Support Desk Enquires from members of the public

I have been advised by my broker that I have to pay New Life Mortgages fees if I use my own solicitor. How efficient are the New Life Mortgages conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Are there any New Life Mortgages conveyancers you'd recommend?
New Life Mortgages’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that New Life Mortgages will allow to act for them.
My fiance and I intend to remortgage our penthouse with New Life Mortgages. We have a son 18 who lives with us. The solicitor on the New Life Mortgages conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the New Life Mortgages conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to New Life Mortgages .This is solely used to protect the New Life Mortgages if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of New Life Mortgages had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I am planning to acquire a flat and need a conveyancing solicitor in Birmingham who is on the New Life Mortgages solicitor. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for New Life Mortgages . We don’t recommend any particular firm.
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to New Life Mortgages , pay off the mortgage etc. Is this possible?
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.
I'm at the point of viewing flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a mortgage with New Life Mortgages
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with New Life Mortgages , ask your prospective lawyers check they are on the New Life Mortgages conveyancing panel otherwise they can't do the mortgage legal work.
I have instructed a lawyer having checked that they are on the New Life Mortgages conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the New Life Mortgages conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
New Life Mortgages will need an independent valuation of the property. Your lawyer will not arrange this. Usually New Life Mortgages will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with New Life Mortgages you could contact your them to see if they have a list of approved surveyors.
My ex -wife’s name is on the New Life Mortgages mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the New Life Mortgages mortgage in order to sell?
As regards the New Life Mortgages mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of New Life Mortgages in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.