COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by Council of Mortgage Lenders and professional indemnity insurers. It is a unique risk management tool.
This system assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Virgin’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for acceptance on the Virgin panel, demonstrating you can stay up to date with Virgin’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your firm’s panel standing.
COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.
Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Virgin are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: