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.