Platform 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 PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Platform’s changes. While utilising COMPLETIONmonitor is not a prerequisite for Platform , demonstrating you can remain up to date with Platform’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Platform

Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Platform 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, Platform has made 177 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 15.4 days. In total, 33% of the sections of P2 of the UK Finance Lenders’ Handbook for Platform have been changed since 15/12/2008.

To find out more about lender panel compliance,

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FAQs for the Platform Home Loans Conveyancing Panel from members of the public

I appointed a law firm to conveyancing on my remortgage three weeks ago having applied for a mortgage with Platform Home Loans. The law firm confirmed to me that they are on Platform Home Loans conveyancing panel and advised me their panel reference. Platform Home Loans then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the approved panel for Platform Home Loans?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Platform Home Loans conveyancing panel You may wish to enlist the help of your broker to check with the Platform Home Loans as to the time frame to get your lawyer reinstated on the panel once again.
I am buying a new build duplex and my conveyancer is telling me that she is duty bound to disclose incentives from the developer as her firm is on the Platform Home Loans conveyancing panel. I am on a tight deadline to sign contracts and I have no desire to prolong matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Platform Home Loans approved panel is to comply with the CML Handbook requirements (last updated for this lender on Platform Home Loans). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been looking for competitive conveyancing fees. Can I be sure that all the firms that are identified on your website are on the Platform Home Loans conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Platform Home Loans panel and agreed to advise us to take down their listing in the event of removal off of the Platform Home Loans panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Platform Home Loans conveyancing panel is incorrect.
My conveyancers in Liverpool have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Platform Home Loans. Is it case that being on the Platform Home Loans conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Platform Home Loans Conveyancing Panel Terms. It might be worth you contacting Platform Home Loans directly.
I have a mortgage with Platform Home Loans. My father has just retired and wants to pay off the mortgage left on the property. After Platform Home Loans is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Platform Home Loans conveyancing panel? I do not intend to live at the property once the Platform Home Loans mortgage is discharged.
You will need a solicitor but they need not be on the Platform Home Loans conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
After much negotiation I have agreed a price on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the Platform Home Loans 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 Platform Home Loans 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.
Intending to buy a house with a mortgage with Platform Home Loans. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Platform Home Loans conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Platform Home Loans conveyancing panel