Precise Mortgages Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Precise Mortgages’s changes. Even though using the software is not a condition for acceptance on the Precise Mortgages panel, demonstrating you can remain up to date with Precise Mortgages’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Precise Mortgages

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Precise Mortgages 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, Precise Mortgages has made 120 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 22.8 days. In total, 30% of the sections of P2 of the UK Finance Lenders’ Handbook for Precise Mortgages 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
6.6.4 10/10/2016 CML
Houses in Multipe Occupation
Precise Mortgages (Charter Court Financial Services Ltd) panel conveyancer requirements where the property comes within the definition of a house in multiple occupation
10.7 11/05/2015 CML
Mortgage Advance and Certificate of Title
In the event of a delayed completion, when and how is advance to be returned to Precise Mortgages (Charter Court Financial Services Ltd) by the conveyancing panel?
16.3.7a 11/05/2015 CML
Transfer of Equity
Contact details at Precise Mortgages (Charter Court Financial Services Ltd) for approved lawyers for obtaining execution of transfer equity
5.7.1b 11/05/2015 CML
Freehold Flats
Precise Mortgages (Charter Court Financial Services Ltd) approved lawyers clarification as to whether they lend on freehold flats
3.1.6 01/12/2014 CML
verification of identity
5.5.1a 01/12/2014 CML
requirements in terms of time for planning consents
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
6.14.4 01/12/2014 CML
sending a copy of the buildings insurance policy and last premium
3.1.5 01/12/2014 CML
ID Documentation
Precise Mortgages (Charter Court Financial Services Ltd) panel lawyers requirements re ID Documentation: Further acceptable documents (if any)
14.1.5 01/12/2014 CML
Post Completion Conveyancing
Does the Precise Mortgages (Charter Court Financial Services Ltd) need to be sent the original mortgage deed and/or any other original title documents by their approved lawyer ?

Last update 21/03/2020

Common questions asked concerning the Precise Mortgages Conveyancing Panel from members of the public

Am I correct in assuming that the fact that my conveyancer is not isted on the Precise Mortgages Conveyancing panel that there is a problem with the quality of the firm’s work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Precise Mortgages.
My son is buying a house that has just been built with a home loan from Precise Mortgages. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Precise Mortgages conveyancing panel as a standard part of the process, and to the surveyor when requested.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Precise Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Are the lawyers identified as being on the Precise Mortgages conveyancing panel, together with their details provided by Precise Mortgages?
The law firm practices themselves provide us confirmation that they are on the Precise Mortgages conveyancing panel as opposed to being supplied with a list from Precise Mortgages directly.
I am remortgaging my property does my lawyer have to be on the Precise Mortgages Solicitor panel?
There is nothing to stop you using your solicitor but Precise Mortgages will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Can you point me to a directory of Precise Mortgages panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Precise Mortgages be concerned
Given that your lender is Precise Mortgages your lawyer must to check the Precise Mortgages conveyancing instructions contained in the Part of CML Handbook for Precise Mortgages . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Precise Mortgages where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
We have had an offer accepted on a flat I spoke to a lawyer previously used by my mum and he recommended instructing a law firm approved by Precise Mortgages. The estate agent recommended two local firms so I asked Precise Mortgages if the 2 suggested solicitors are approved, which they are not. Precise Mortgages 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 Precise Mortgages 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Precise Mortgages for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Precise Mortgages 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 Precise Mortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet Precise Mortgages’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.