The Mortgage Lender Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. It is a unique risk mitigation tool.

This system is the only way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on The Mortgage Lender’s changes. While utilising this technology is not a prerequisite for The Mortgage Lender , demonstrating you can stay up to date with The Mortgage Lender’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your panel standing.

The software creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by The Mortgage Lender

Lenders often vary their requirements. The UK Finance Lenders’ Handbook requirements from The Mortgage Lender 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, The Mortgage Lender has made 210 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 13.0 days. In total, 34% of the sections of P2 of the UK Finance Lenders’ Handbook for The Mortgage Lender 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
16.1.1 25/01/2019 CML
16.3.2 25/01/2019 CML
4.3 25/01/2019 CML
5.14.9 25/01/2019 CML
6.5.1 25/01/2019 CML
7.4 25/01/2019 CML
16.5.3d 14/12/2017 CML
5.14.10 14/12/2017 CML
6.11.1 14/12/2017 CML Obstruction of Access Indemnity Insurance
6.2.1 14/12/2017 CML

Last update 18/07/2019

FAQs : The The Mortgage Lender Solicitor Panel from members of the public

How easy is it to change a solicitor as I need to find one who is on the The Mortgage Lender conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Expecting to complete my purchase next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for The Mortgage Lender. What does the insurance need to cover?
Any lawyer on the The Mortgage Lender conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in The Mortgage Lender’s Part 2 requirements of the CML Handbook (last updated on The Mortgage Lender). Being on the The Mortgage Lender conveyancing panel your lawyer is expect to follow these requirements.
How up to date is your search tool for the The Mortgage Lender conveyancing panel? Do The Mortgage Lender send you an updated list?
The law firm practices themselves provide us confirmation that they are on the The Mortgage Lender conveyancing panel as opposed to being supplied with a list from The Mortgage Lender directly.
I am purchasing a garden flat and getting a mortgage with The Mortgage Lender. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the The Mortgage Lender 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 Lender conveyancing panel in your location.
Is it the case that all conveyancing lawyers on the The Mortgage Lender conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
I am due to exchange contracts on my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, The Mortgage Lender are being problematic. The solicitor who is on the The Mortgage Lender conveyancing panel is happy to accept ‘lack of building regulation’ insurance but The Mortgage Lender are requiring a building regulation certificate. Why do The Mortgage Lender have a conveyancing panel of they don’t accept advice from them?
It is probably the case that The Mortgage Lender have referred the matter to their valuer. The reason why The Mortgage Lender may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
I was told two weeks ago that my mortgage has been agreed to by The Mortgage Lender. Is it usual for The Mortgage Lender to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for The Mortgage Lender to deal with your lawyers application to be on the The Mortgage Lender conveyancing panel. There's no guarantee that your solicitors will be accepted.