Landmark 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 professional indemnity insures. It is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Landmark’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for being on the Landmark panel, demonstrating you can stay up to date with Landmark’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel standing.

The software generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to a PII saving.

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Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Landmark 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, Landmark has made 571 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 4.8 days. In total, 53% of the sections of P2 of the UK Finance Lenders’ Handbook for Landmark 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
16.3.7a 19/07/2016 CML
4.3 19/07/2016 CML
5.14.9 19/07/2016 CML
5.5.4 19/07/2016 CML Restrictive Covenant Indemnity Insurance
6.4.5 19/07/2016 CML
16.1.1 18/07/2016 CML
16.3.7b 18/07/2016 CML
16.5.3c 18/07/2016 CML
4.5b 18/07/2016 CML
5.14.9 18/07/2016 CML

Last update 30/03/2020

Landmark Mortgages Conveyancing Panel Sample Enquires to our Call Center from members of the public

I need to swap lawyers as my lawyer is not on the Landmark Mortgages panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My solicitor has identified a difference when comparing the assumptions in Landmark Mortgages’s valuation survey and what is revealed within the conveyancing documents. My lawyer says that as he is on the Landmark Mortgages conveyancing panel he is duty bound to ensure that the bank is OK with this discrepancy and is content go ahead. Is my lawyer’s approach legitimate?
A precondition to being on the Landmark Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Landmark Mortgages) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I require the services of a Landmark Mortgages panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Landmark Mortgages panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Landmark Mortgages to find out which solicitors in Landmark Mortgages are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am attempting to get my former partner removed the mortgage deeds. Can Landmark Mortgages really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Landmark Mortgages then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Landmark Mortgages solicitors panel
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Landmark Mortgages conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
Is it the case that all conveyancing lawyers on the Landmark Mortgages conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I am selling my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Landmark Mortgages are being a right pain. The solicitor who is on the Landmark Mortgages conveyancing panel is recommending indemnity insurance as a solution but Landmark Mortgages are requiring a building regulation certificate. Why do Landmark Mortgages have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Landmark Mortgages have referred the matter to their valuer. The reason why Landmark Mortgages may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.