Paratus 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 such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Paratus’s changes. Even though utilising the software is not a prerequisite for Paratus , demonstrating you can stay up to date with Paratus’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Paratus

Lenders frequently vary 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, over time:

A Timeline of Policy Changes


Since 2008, Paratus has made 279 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.8 days. In total, 54% 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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Paratus AMC Conveyancing Panel Sample Enquires to our Call Center from members of the public

I am obtaining a mortgage offer from Paratus AMC. I intend to use a Licensed Conveyancer. Does the Paratus AMC Conveyancing panel exclude conveyancers regulated by the CLC
Paratus AMC’s approved solicitor list is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our lawyer has discovered a legal deficiency with the lease for the flat we are buying. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised that as he is on the Paratus AMC conveyancing panel he must ensure 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 must be adhered to by the Paratus AMC conveyancing panel who has to balance acting for you and Paratus AMC
I have been Googling for conveyancing quotes online. Can I be confident that all the firms that are identified on your site are on the Paratus AMC conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Paratus AMC panel and agreed to advise us to take down their listing in the event of removal off of the Paratus AMC panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Paratus AMC conveyancing panel is not accurate.
I am selling my house. Does my solicitor have to be on the Paratus AMC conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Paratus AMC conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
How can we tell if a solicitor on the Paratus AMC panel is any good?
Getting recommendations is a good 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 advocate that you speak with the lawyer conducting your transaction
We are getting a further advance on our mortgage from Paratus AMC as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Paratus AMC conveyancing panel to deal with the legals?
Paratus AMC do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Paratus AMC panel
I recently had an offer accepted on an apartment. My mortgage broker suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Paratus AMC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Paratus AMC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.