Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.
This system is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Virgin’s changes. Notwithstanding that using this technology is not a prerequisite for Virgin , demonstrating you can stay up to date with Virgin’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your panel status.
The system generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.
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: