Paratus Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This software is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Paratus’s changes. Notwithstanding that using this technology is not a condition for being on the Paratus panel, demonstrating you can stay up to date with Paratus’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Paratus

Lenders often change their requirements. The UK Finance Lenders’ Handbook requirements from Paratus 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, Paratus has made 267 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 10.2 days. In total, 53% of the sections of P2 of the UK Finance Lenders’ Handbook for Paratus 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 30/07/2018 CML
6.10.2 05/07/2018 CML
16.5.3c 01/06/2018 CML
5.13.1 01/06/2018 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
5.5.4 01/06/2018 CML Restrictive Covenant Indemnity Insurance
6.11.1 01/06/2018 CML Obstruction of Access Indemnity Insurance
6.6.2 01/06/2018 CML
6.14.1 30/11/2015 CML
16.4.1 25/11/2015 CML
16.4.2 25/11/2015 CML

Last update 23/05/2019

Examples of recent questions relating to the Paratus AMC Conveyancing Panel from members of the public

My mortgage broker has has requested my lawyer’ panel member for the Paratus AMC conveyancing panel. What is the best way to find this out. I have tried my local Paratus AMC office but they don't know it.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Paratus AMC panel reference.
Our solicitor has identified a defect with the lease for the property we are purchasing. The seller’s lawyers have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Paratus AMC conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Paratus AMC?
Just because you have a mortgage offer from Paratus AMC does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Paratus AMC are the client. The appropriate lender requirements have to be complied with by the Paratus AMC conveyancing panel who has to balance acting for you and Paratus AMC
Your search tool is useful but there are many lawyers listed near Chelsea on the Paratus AMC conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Paratus AMC ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am attempting to get my ex-wife removed the mortgage deeds. Can Paratus AMC really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Paratus AMC 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 Paratus AMC solicitors panel
We have a mortgage agreed in principle with Paratus AMC. Solicitors have been instructed? How long does it take for Paratus AMC to send the offer to our conveyancer
There is no definitive answer here. Have Paratus AMC done the valuation? Have you advised Paratus AMC as your lawyers details and checked that your lawyer is on the Paratus AMC conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
We have had an offer accepted on a flat I spoke to a lawyer previously used by my dad and he advised retaining a property lawyers approved by Paratus AMC. The estate agent recommended two local firms so I asked Paratus AMC if the 2 suggested solicitors are approved, which they are not. Paratus AMC pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Paratus AMC 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Paratus AMC to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Paratus AMC conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Paratus AMC conveyancing panel as it may only take about 2-3 weeks. As long as they meet Paratus AMC’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have a mortgage with Paratus AMC. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Paratus AMC?
Paratus AMC must be informed of your intention prior to renting your property as this is likely to be a breach of Paratus AMC’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Paratus AMC directly. It should not be necessary to do this via a Paratus AMC conveyancing panel firm.