Lender Handbook Part 2 checks, updated 4 times a day. Stay compliant before exchange without reading every change.
Quick Summary
- Automated UK Finance Lender Handbook Part 2 checks
- Database scanned 4 times a day for changes
- Up to 5 refreshes per case included
KEY BENEFITS
WHAT'S INCLUDED
Lender Handbook Monitoring
The LC-5 scans the UK Finance Part 2 database four times a day and captures any amendments. You receive a clear report showing exactly what has changed for your specific lender, with old and new wording displayed side by side for instant comparison.
No-Change Confirmation
If there have been no changes to the lender's Part 2 requirements since your last check, the report confirms this explicitly. This gives you a clean compliance record on file should you be audited or face a PI claim.
Up to 5 Refreshes Per Case
Each LC-5 report allows up to five checks during the life of a transaction. Navro recommends running a check on instruction and again before exchange at a minimum, with additional checks available if the transaction timeline extends.
Historical Change Alerts
If lender requirements have changed since your last check, the report highlights the specific amendments clearly so you can assess the impact before submitting your Certificate of Title.
MORE DETAIL
Casera has partnered with Navro to give conveyancers access to the LC-5 Lender Check directly from within the platform. The LC-5 is an automated compliance tool that monitors the UK Finance Lender Handbook Part 2 requirements and alerts you to any changes relevant to the lender on your transaction, so you do not have to manually read through the full handbook before every exchange.
Lenders can update their Part 2 requirements at any time, 24 hours a day, 7 days a week. UK Finance does not maintain a record of when changes are made, which means the responsibility for staying current falls entirely on the conveyancer. Failing to check for changes before submitting your Certificate of Title can result in non-compliance, professional indemnity claims, removal from a lender panel, and potential SRA action.
Navro's LC-5 was developed by conveyancers for conveyancers. The system interrogates the UK Finance Part 2 database four times a day and presents any changes clearly, showing the old and new wording side by side so you can see exactly what has changed and when. If nothing has changed, the report confirms that too, giving you a clean audit record. The LC-5 allows up to five checks per case, so you can run a report on instruction, again before exchange, and at any point in between if the transaction runs longer than expected.
With the changes to the CQS practice notes, firms are now required to confirm they have compliance records for Part 2 requirements before exchange of contracts. The LC-5 gives you that record in a clear, auditable format.
By ordering through Casera, the report is stored against your case automatically. If there is ever a query, Casera acts as your single point of contact and handles it on your behalf.
FAQs
Why do I need an LC-5 if I already check the UK Finance Handbook myself?
Lenders can change their Part 2 requirements at any time, and UK Finance does not notify you or keep a log of when changes are made. Manually checking the full handbook before every exchange is time-consuming and easy to miss, particularly when handling a high volume of cases. The LC-5 automates this process, scanning the database four times a day and presenting only the changes relevant to your lender in a clear, comparable format.
When should I run an LC-5 check?
At a minimum, before exchange of contracts. Best practice is to run a check on instruction and again before exchange to ensure nothing has changed during the life of the transaction. The LC-5 allows up to five checks per case, so you can refresh at any point if there are delays or the transaction runs longer than expected.
Does the LC-5 cover all lenders?
The LC-5 covers any lender listed on the UK Finance Handbook. Navro has recently added 30 new lenders to provide even broader whole-of-market coverage in line with the latest CQS standards.
How does this help with CQS compliance?
The updated CQS practice notes require firms to confirm they have compliance records for Part 2 requirements before exchange. The LC-5 provides exactly this: a clear, dated, auditable report showing what you checked and what the lender's requirements were at that point in time.