Bank of Ireland Mortgages is probably one of the firm’s most valued clients for conveyancing work.
Can you be sure that you are strictly following the requirements as a practice on the Bank of Ireland Mortgages conveyancing panel?
Lexsure is the only company offering a full lender panel compliance audit for your conveyancing files where Bank of Ireland Mortgages are the lending client.
Our complete directory of Bank of Ireland Mortgages Handbook instructions enables us to examine a law firms’ conveyancing files whilst on the Bank of Ireland Mortgages conveyancing panel retrospectively and in the similar manner Bank of Ireland Mortgages would.
Our panel of experienced auditors impartially check making use of propriety templates and Lender P2 archives whether each transaction complied with the requirements when the Certificate of Title was rendered.
Our standard fee for a Bank of Ireland Mortgages compliance panel audit is £1,975+VAT. We tend to review nine remortgage or purchase files involving Bank of Ireland Mortgages, which we can randomly select by tenure (e.g. leasehold) year of completion or other variables.
Once the audit is completed, we will prepare a detailed compliance profile for your files with Bank of Ireland Mortgages and a baseline risk summary. We can also meet with you to present our expert findings and guidance in a formal interview. Further audits can be scheduled. Our office will contact the head of department to request the status of actions taken. No more than one lender conveyancing panel audits may be requested by a firm in a calendar year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to select the date, time and location of a Bank of Ireland 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 cancel a Bank of Ireland Mortgages panel compliance file audit. Please note that before accepting a Bank of Ireland Mortgages conveyancing panel compliance review we have to conduct a conflict check. It may not be possible for Lexsure to agree to a Bank of Ireland Mortgages panel compliance audit
Where commissioned by your firm Lexsure has no duty to report breaches to Bank of Ireland Mortgages and we will ensure the results of your audit are completely confidential.