Vida Homeloans Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Vida Homeloans’s changes. Notwithstanding that using the tool is not a condition for being on the Vida Homeloans panel, demonstrating you can remain up to date with Vida Homeloans’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel standing.

The system creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Vida Homeloans

Lenders frequently 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:

A Timeline of Policy Changes


Since 2008, Vida Homeloans has made 60 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 45.5 days. In total, 4% of the sections of P2 of the UK Finance Lenders’ Handbook for Vida Homeloans have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Vida Homeloans Conveyancing Panel Recently Asked Questions from members of the public

For what reasons could a law firm be removed from the Vida Homeloans approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Vida Homeloans
I am buying a newly built duplex and my conveyancer is advising me that she is duty bound to disclose incentives from the builder as her firm is on the Vida Homeloans conveyancing panel. I am on a tight deadline to exchange and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Vida Homeloans approved panel is to comply with the CML Handbook requirements (last updated for this lender on Vida Homeloans). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Is it necessary during the course of the conveyancing process to pop into the offices of the Vida Homeloans conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Leeds so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for Vida Homeloans undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am attempting to get my ex-husband removed the mortgage deeds. Can Vida Homeloans really insist on which solicitor I can or can not use?
You can use any solicitor you like but Vida Homeloans then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Vida Homeloans solicitors panel
Is there a list of Vida Homeloans panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We have a mortgage agreed in principle with Vida Homeloans. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Vida Homeloans?
There is no definitive answer here. Have Vida Homeloans completed the valuation? Have you advised Vida Homeloans as your lawyers details and checked that your lawyer is on the Vida Homeloans conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Vida Homeloans have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Vida Homeloans or your broker and complete any relevant paperwork. Vida Homeloans will tell you what documents they want. Vida Homeloans will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Vida Homeloans will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.