The Mortgage Business Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on The Mortgage Business’s changes. Notwithstanding that utilising this technology is not a prerequisite for The Mortgage Business , demonstrating you can stay up to date with The Mortgage Business’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by The Mortgage Business

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from The Mortgage Business 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, The Mortgage Business has made 140 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 19.5 days. In total, 22% of the sections of P2 of the UK Finance Lenders’ Handbook for The Mortgage Business have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
16.3.7a 30/03/2020 CML
6.7.1 30/03/2020 CML
6.7.1 07/03/2018 CML
16.5.3a 16/01/2018 CML
16.5.3c 16/01/2018 CML
6.7.1 10/07/2017 CML
6.7.1 19/05/2017 CML
5.1.1 24/10/2016 CML
10.7 24/04/2015 CML
16.1.1 24/04/2015 CML

Last update 01/04/2020

Examples of recent questions relating to the The Mortgage Business Conveyancing Panel from members of the public

I have been advised by my broker that I have to pay The Mortgage Business fees if I use my own solicitor. How efficient are the The Mortgage Business conveyancing panel solicitors? I dont care which law firm I use as long as they're good and reasonably priced. Would you recommend a specific law firm on the The Mortgage Business panel?
The Mortgage Business’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that The Mortgage Business will allow to act for them.
We are nearing an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender The Mortgage Business. Apparently, being on the The Mortgage Business conveyancing panel and acting on their behalf he must inform The Mortgage Business if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with The Mortgage Business to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to The Mortgage Business if you agree, failing which, your lawyer must cease to continue acting.
How up to date is your database of lawyers on the The Mortgage Business conveyancing panel? Do The Mortgage Business send you an updated list?
The firms themselves provide us confirmation that they are on the The Mortgage Business conveyancing panel as opposed to being supplied with a list from The Mortgage Business directly.
I am buying a new build flat and getting a mortgage with The Mortgage Business. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the The Mortgage Business conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the The Mortgage Business conveyancing panel in your location.
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the The Mortgage Business conveyancing panel requirements are different to The Mortgage Business’s conveyancing panel criteria.
We were going to get a DIP from The Mortgage Business this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the The Mortgage Business recommend a solicitor on the The Mortgage Business conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the The Mortgage Business conveyancing panel. The solicitor represents both you and the The Mortgage Business through the process.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with The Mortgage Business?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the The Mortgage Business conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with The Mortgage Business and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.