Accord Mortgages Conveyancing Panel Compliance Audit

You no doubt expect your lawyers to be complying with the conveyancing panel Handbook requirements of Accord Mortgages or you can be sure by commissioning a compliance audit.

Accord Mortgages is one of the firm’s most important clients for conveyancing work.

Can you be sure that you are adhering to the instructions as a practice on the Accord Mortgages conveyancing panel?

Lexsure is the only company offering a full lender panel compliance audit for your conveyancing files where Accord Mortgages are the the mortgagor.

Our comprehensive database of Accord Mortgages Handbook instructions gives us the ability to examine a law firms’ conveyancing files whilst on the Accord Mortgages conveyancing panel retrospectively and in the same vein as Accord Mortgages would.

Our panel of expert assessors impartially review utilising propriety templates and Lender obligation archives whether each conveyancing matter breached the requirements at the point that the CoT was submitted.

For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. We will review 6 remortgage or purchase files involving Accord Mortgages, which we can stratify by tenure (e.g. leasehold) date or other variables.

At the end of the audit, Lexsure will prepare a detailed compliance profile for your files with Accord Mortgages and a baseline risk summary. We will also follow-up with you to go through our expert findings and recommendations in a formal interview. Audit follow-up can be scheduled. Lexsure will contact the head of department to request the status of actions taken. A maximum of 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 Accord Mortgages 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 reschedule a Accord Mortgages panel compliance review. Please note that before accepting a Accord Mortgages conveyancing panel compliance review we have to conduct a conflict check. It is not always possible for Lexsure to agree to a Accord Mortgages panel Part 2 compliance file audit

Accord Mortgages Conveyancing File Audits : Ask Us Anything

I am told that if I commission an audit via certain search providers that I can have the lender compliance conveyancing audit for free. Is that right?

As of today 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 certain search providers on a specific panel.

What happens if or when you uncover breaches? Do you inform Accord Mortgages or their panel managers?

This is frequently asked. Where a conveyancing file audit is arranged by your firm and Lexsure discovers problems, they are often easily categorised. Lexsure can not undo what has been done but we can suggest adjustments to the problematic parts of your risk prevention protocols and checklists. In addition we can advise on tools to help avoid recurrences with the aim of protecting your panel status.

Where commissioned by your firm Lexsure has no duty to report breaches to Accord Mortgages and we will ensure the results of your audit are completely confidential.

Can you give examples of some of the more common Lender Handbook breaches by conveyancing lawyers on the Accord Mortgages panel?

Lexsure often conduct conveyancing webinars on common breaches across all lenders. Please feel free to book a place.

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)

What is the selection criteria for joining the Accord Mortgages conveyancing panel?

Please enquire of Accord Mortgages directly or their panel manager, if any. Lexsure is not connected with Accord Mortgages in managing their conveyancing panel or selection criteria.