COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by PI insurers. It is a unique risk mitigation tool.
This system facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Vida Homeloans’s changes. Even though utilising the software is not a condition for acceptance on the Vida Homeloans panel, demonstrating you can stay up to date with Vida Homeloans’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel status.
The system creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, results in 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, over time: