Paragon Mortgages Ltd Conveyancing Panel Compliance Audit

The primary reason to it’s time to commit to a Paragon Mortgages Ltd panel compliance file audit is to give you peace of mind that you are complying with the Handbook requirements of Paragon Mortgages Ltd. Non-compliance runs the risk of claims on your insurance, loss of conveyancing panel status and a tarnished reputation and even SRA action – damage that far outweighs the cost and any minimal, temporary inconvenience that may be caused by you organising a Paragon Mortgages Ltd panel compliance file audit.

Paragon Mortgages Ltd is in all likelihood, one of your most valued clients for conveyancing work.

Can you be sure that you are strictly following the instructions as a practice on the Paragon Mortgages Ltd conveyancing panel?

As far as we are aware Lexsure is uniquely positioned to conduct a comprehensive lender panel compliance audit for your conveyancing files where Paragon Mortgages Ltd are the the mortgagor.

Our complete database of Paragon Mortgages Ltd Handbook instructions enables us to review a law firms’ conveyancing files whilst on the Paragon Mortgages Ltd conveyancing panel retrospectively and in the similar manner Paragon Mortgages Ltd would.

Lexsure’s panel of experienced assessors independently check utilising propriety templates and Lender instruction archives whether each conveyancing matter breached the requirements at the time the CoT was rendered.

For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. We tend to examine nine transaction files involving Paragon Mortgages Ltd, which we can randomly select by tenure (e.g. leasehold) year of completion or a multitude variables.

Once the audit is completed, we will issue a full written findings for your files with Paragon Mortgages Ltd and a baseline risk summary. We will also arrange a conference call with you to go through our auditor’s findings and guidance in a formal debrief. Subsequent audits will occur. Lexsure will contact the managing partner to request the status of actions taken. No more than one lender conveyancing panel audits may be commissioned by a practice per annum.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to choose the date, time and location of a Paragon Mortgages Ltd conveyancing panel compliance audit. The system is available 24/7, which eliminates most instances where you have to wait for business hours to contact Lexsure to schedule or cancel a Paragon Mortgages Ltd panel compliance audit. Please note that before accepting a Paragon Mortgages Ltd conveyancing panel compliance review we have to conduct a conflict check. It is sometimes not possible for Lexsure to agree to a Paragon Mortgages Ltd panel Part 2 compliance audit

How can we help you? Paragon Mortgages Ltd Conveyancing File Audits FAQs

Will a satisfactory audit of my firm’s previous files involving Paragon Mortgages Ltd enable my firm to be reinstated on the Paragon Mortgages Ltd conveyancing panel?

No. We do not get involved in the Paragon Mortgages Ltd conveyancing panel selection or reinstatement requirements

Are you able to conduct Lender Compliance Audits remotely as our conveyancing lawyers are not in the office?

Yes, subject to specific criteria which we will forward to you separately.

I am told that if I book an audit through certain search providers that I can have the lender compliance conveyancing audit for free. Is that true?

At the time of preparing this answer we we have not heard of any such offer but please contact your search provider directly and ask them to call us. Once in a while discount voucher codes are available via participating search companies.

What level of experience do the auditors have who conduct Lexsure Lender Compliance Audits?

Appointed auditors have a minimum 25 years conveyancing PQE (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and BSA Mortgage Instructions)

Is there an option for the audit to cover commercial conveyancing matters with lender compliance issues?

No. The lender compliance audit does not extend beyond residential conveyancing.