Renewing or Applying for
LENDERmonitor Alerts 2015

TABLE OF CHARGES

All sums subject to VAT at prevailing rates.

E&W Scotland Northern Ireland
Sole Practitioner Firm (single user)
per month
£45 £45 £45
Non-Sole Practitioners or CLC-regulated firms
(up to 5 users) per month
£145 £145 £145
Additional users per month £5 £5 £5

What is a LENDERmonitor Alert?

LENDERmonitor provides protection to conveyancers from the risk of missing updates to Part 2 of the CML Lenders Handbook. With the LENDERmonitor alert service, solicitors and conveyancers receive an email notification any time lenders of interest make changes to their policies.

Staying abreast of policy changes is particularly important at a time when lenders are making a significant number of changes – in 2014 LENDERmonitor sent out over 80 email alerts – and solicitors and conveyancers are at greater risk of being sued for non-compliance with lender requirements.

You will receive a LENDERmonitor email alert any time a CML lender makes a change to its policies. Emails are sent the morning after the change is made. For 2015 the service relates to Part-2 changes for England and Wales, Northern Ireland and Scotland only.

All users who were receiving alerts for free as well as existing paying customers on our premium service will no longer receive alerts as of 1st January 2015. Please contact us about renewing your account for 2015 or click here and we send you a link to complete an account opening form.

This service relates to Part-2 changes for England and Wales, Scotland and Northern Ireland and is available only to firms that are regulated by the SRA or CLC.

You will receive a LENDERmonitor email alert any time a CML lender makes a change change to its policies. Emails are sent the morning after the change is made.
View a Sample Alert

Supporting evidence for a Competence Statement

The LENDERmonitor Alert Service allows for an upgrade service for COLPs and individual lawyers. Lawyers have the option of Lexsure Analysis Reports, which show that individual recipients of the alerts have clicked on and read the individual lender changes. These reports are further supported by a quarterly multiple choice survey that further shows that an individual lawyer has understood the changes to a lender client’s requirements. Participants will be issued a certificate to be used in support of a Competence Statement for those adopting the new SRA approach to continuing competence.

If you need assistance or require any further information please contact us on +44 (0)20 7692 7020 or send us an email to info@lexsure.com.