Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk management tool.
This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Vida Homeloans’s changes. Even though utilising COMPLETIONmonitor is not a condition for being on the Vida Homeloans panel, demonstrating you can stay up to date with Vida Homeloans’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.
Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Vida Homeloans are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: