Bank of Ireland Mortgages Conveyancing Panel Compliance Audit

You can wait for Bank of Ireland Mortgages to make a file request or you can ask Lexsure to do a Bank of Ireland Mortgages panel compliance conveyancing audit.

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

Answers to Frequently asked questions concerning Bank of Ireland Mortgages Conveyancing File Audits


This firm is on the Bank of Ireland Mortgages conveyancing panel and we conduct both purchases and remortgage cases. Would your audit cover both case types?

Yes

What happens if or when you uncover breaches? Do you inform Bank of Ireland Mortgages or their panel managers?

This is frequently asked. Where a conveyancing file audit is arranged by your firm and Lexsure discovers breaches, they are often easily categorised. Lexsure can not undo what has been done but we are able to 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 Bank of Ireland Mortgages and we will ensure the results of your audit are completely confidential.

I was advised last week that if I arrange an audit via 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 certain search providers on a specific panel.

Will an audit of my firm’s previous files involving Bank of Ireland Mortgages enable my firm to be reinstated on the Bank of Ireland Mortgages conveyancing panel?

That is not the case. We are not involved in the Bank of Ireland Mortgages conveyancing panel selection or reinstatement criteria

What is the selection criteria for joining the Bank of Ireland Mortgages conveyancing panel?

You will need to check with Bank of Ireland Mortgages directly or their panel manager, if any. Lexsure is not connected with Bank of Ireland Mortgages in managing their conveyancing panel or selection criteria.