Precise Mortgages Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. 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 requirements, with alerts on Precise Mortgages’s changes. Even though utilising the tool is not a condition for being on the Precise Mortgages panel, demonstrating you can stay up to date with Precise Mortgages’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your firm’s panel standing.

COMPLETIONmonitor generates 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, leads to a PII saving.

Find a Law Firm approved by Precise Mortgages

Lenders often change 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 116 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 23.5 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
14.2.2 25/11/2016 CML
9.2 10/10/2016 CML Adverse Possession Indemnity Insurance Possessory Title Indemnity Insurance Missing Deeds Indemnity Insurance Defective Title Indemnity Insurance
14.1.4 18/12/2015 CML
6.3.1 11/05/2015 CML
6.7.2 11/05/2015 CML
3.1.4 01/12/2014 CML
6.14.1c 01/12/2014 CML
6.10.2 16/06/2014 CML
6.3.1 16/06/2014 CML
6.6.4 16/06/2014 CML

Last update 26/05/2019

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

My IFA has says he needs my lawyer’ panel member for the Precise Mortgages conveyancing panel. How do I discover this. I have contacted my local Precise Mortgages branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Precise Mortgages panel reference.
Our god-son is about to exchange on a house that has just been built with a mortgage from Precise Mortgages. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved 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 asked.

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.

I am purchasing a flat and require a conveyancing solicitor in Birmingham who is on the Precise Mortgages conveyancing. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Precise Mortgages . We don’t recommend any particular firm.
I am considering applying for a Precise Mortgages mortgage for purchase of a new build (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Precise Mortgages?
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 greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I previously instructed online conveyancers based in Cardiff who are on the Precise Mortgages solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Precise Mortgages mortgage. Is this a supplemental conveyancing fee set by Precise Mortgages?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Precise Mortgages but by your lawyers. Some firms on the Precise Mortgages will charge an ‘acting for lender’ fee and others do not.
We are getting a further advance on our mortgage from Precise Mortgages as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Precise Mortgages conveyancing panel to deal with the paperwork?
Precise Mortgages do not ordinarily instruct firms on their conveyancing panel 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 Precise Mortgages list
After much negotiation I have agreed a price on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Precise Mortgages 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 Precise Mortgages 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.