Ahli United Bank Conveyancing Panel Compliance Audit

It is highly likely that in the future your practice will receive a file request to check for compliance with the conveyancing panel Handbook requirements of Ahli United Bank. Would you opt to be commissioning the audit or would you rather wait for your insurer or Ahli United Bank?

Ahli United Bank is one of your most valued clients for conveyancing work.

Are you 100% sure that you are strictly following the instructions as a practice on the Ahli United Bank conveyancing panel?

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

Our comprehensive database of Ahli United Bank Handbook instructions gives us the ability to audit a law firms’ conveyancing cases whilst on the Ahli United Bank conveyancing panel retrospectively and in the same vein as Ahli United Bank would.

Lexsure’s panel of experienced assessors objectively review utilising propriety templates and Lender P2 archives whether each transaction complied with your contractual obligations at the time the CoT was issued.

In the absence of your search company offering the service as part of your account management the costs is £1,975+VAT. Our team will analyse 6 transaction files involving Ahli United Bank, which we can stratify by tenure (e.g. leasehold) year of completion or a mix characteristics.

At the end of the audit, Lexsure will prepare a full written compliance profile for your files with Ahli United Bank and a baseline risk profile. We can also follow-up with you to explain our expert findings and guidance in a formal debrief. Subsequent audits will occur. Lexsure will contact the head of conveyancing to request the status of planned actions. No more than one lender conveyancing panel audits may be requested by a firm in a twelve month period.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Ahli United Bank 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 rebook a Ahli United Bank panel compliance review. Please note that before accepting a Ahli United Bank conveyancing panel compliance file audit we have to conduct a conflict check. It may not be possible for Lexsure to carry out a Ahli United Bank panel Part 2 compliance review

Top questions concerning Ahli United Bank conveyancing file audits


Why would my firm consider a Ahli United Bank handbook compliance audit?

Lexsure frequently come across Ahli United Bank conveyancing panel firms who are confident that they have robust compliance protocols. Yet Lexsure sees common breaches of the lender Handbook requirements. In fact, we have yet to complete a single audit that didn’t reveal any breaches. An adverse externally-commissioned audit by a lender could result in an insurance claim or removal from a panel. Breaches of handbook requirements for Ahli United Bank or any lender leaves you open to costly and damaging claims if the lender suffers a loss and even regulatory action by the SRA. Lexsure’s lender compliance audits are the best way to ensure there aren’t costly skeletons in your conveyancing cupboard.

Whilst I do not require the services of Lexsure for an Ahli United Bank UK Finance Mortgage Handbook Audit, I I require a copy of the P2 requirements for Ahli United Bank for a specific date. Is this something you can help with?

Subject to the date of the P2’s, we may be able to assist. Please contact us directly asking to speak to someone in the Lexsure Litigation Support Team.

I was advised last week that if I arrange 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 are not aware 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.

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

This is currently possible, subject to certain requirements which we will forward to you by way of email.

Does Lexsure subcontract their lender compliance audits to a third party panel of conveyancing experts?

No. We do not outsourcelender compliance audits to an external panel of conveyancing experts. Audits are completed by our in-house team.