Zephyr Mortgages Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Zephyr Mortgages’s changes. While using the tool is not a condition for acceptance on the Zephyr Mortgages panel, demonstrating you can stay up to date with Zephyr Mortgages’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel standing.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Zephyr Mortgages

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Zephyr Mortgages are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes

Since 2008, Zephyr Mortgages has made 51 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 53.5 days. In total, 25% of the sections of P2 of the UK Finance Lenders’ Handbook for Zephyr Mortgages have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Zephyr Mortgages Solicitor Panel Example Support Desk Enquires from members of the public

I instructed a law firm to conveyancing on my remortgage six weeks ago having applied for a mortgage with Zephyr Mortgages. The firm reassured me that they are on Zephyr Mortgages conveyancing panel and gave me their panel number. Zephyr Mortgages then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the approved panel for Zephyr Mortgages?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Zephyr Mortgages as to how long they think it will take to get the firm to get back on the panel.
I am due to complete my purchase next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Zephyr Mortgages. What risks do Zephyr Mortgages expect the insurance to cover?
All property lawyers on the Zephyr Mortgages conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Zephyr Mortgages’s Part 2 requirements of the CML Handbook (last updated on Zephyr Mortgages). Being on the Zephyr Mortgages conveyancing panel your lawyer is expect to follow these requirements.
I am Googling for online conveyancing estimates. Can I be sure that all the practices that are identified on your site are on the Zephyr Mortgages conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Zephyr Mortgages panel and agreed to advise us to take down their listing in the event of removal off of the Zephyr Mortgages panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Zephyr Mortgages conveyancing panel is not accurate.
My lawyers in Birmingham have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Zephyr Mortgages. Is it case that being on the Zephyr Mortgages conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Zephyr Mortgages Conveyancing Panel Terms. It might be worth you contacting Zephyr Mortgages directly.
My wife and I have arranged a further advance on our mortgage from Zephyr Mortgages as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Zephyr Mortgages conveyancing panel to deal with the paperwork?
Zephyr Mortgages would not normally instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Zephyr Mortgages panel
Zephyr Mortgages 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 Zephyr Mortgages or your broker and complete any relevant paperwork. Zephyr Mortgages will tell you what documents they want. Zephyr Mortgages 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. Zephyr Mortgages 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.
We are are buying a house in Hendon. Conveyancing solicitors in Hendon need to beretained. My motheradvised that we check that the property lawyer in Hendon is on the Zephyr Mortgages list of approved conveyancing firms. Surely I don't need to do this, do I?
It is not that case that all Hendon conveyancing practices are on the Zephyr Mortgages conveyancing panel. Click here to find a Hendon conveyancing firm on the on the Zephyr Mortgages panel.