COMPLETIONmonitor

Paragon Residential Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Paragon Residential’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Paragon Residential , demonstrating you can remain up to date with Paragon Residential’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Paragon Residential

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Paragon Residential 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, Paragon Residential has made 8 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 341.2 days. In total, 4% of the sections of P2 of the UK Finance Lenders’ Handbook for Paragon Residential 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	20/08/2018	CML	New Build Conveyancing Paragon Mortgages Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
5.4.6	30/10/2017	CML	Conveyancing Searches: Search Insurance Paragon Mortgages Ltd approved lawyers clarification as to whether they accept search insurance and, if yes, the Paragon Mortgages Ltd requirements Local Search Indemnity Insurance
Lender Name	09/10/2017	CML	Lender Name
1.11a	09/10/2017	CML	General Mortgage Instructions Contact details at Paragon Mortgages Ltd for conveyancing panel lawyers to obtain mortgage documentation
14.2.2	09/10/2017	CML	Post Completion Conveyancing Which documents should conveyancing panelfor Paragon Mortgages Ltd send the title deeds and documents following completion?
5.8.1	09/10/2017	CML	Freehold and leasehold owner of multiple flats Paragon Mortgages Ltd panel lawyers clarification as to whether they accept security which comprises a building converted into not more than four flats where the borrower occupies one of those flats and the borrower or another flat owner also owns the freehold of the building and the other flats are subject to long leases?
6.4.4	09/10/2017	CML	Disclosing Incentives Paragon Mortgages Ltd panel lawyers additional requirements concerning reporting incentives
14.1.5	09/10/2017	CML	Post Completion Conveyancing Does the Paragon Mortgages Ltd need to be sent the original mortgage deed and/or any other original title documents by their conveyancing panel ?

Last update 10/01/2019