Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. COMPLETIONmonitor is a unique risk management tool.
This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Platform’s changes. While using COMPLETIONmonitor is not a condition for being on the Platform panel, demonstrating you can remain up to date with Platform’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel standing.
The software creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in reduced PII premiums.
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, frequently: