Cambridge Building Society is like many lenders, one of your most valued clients for conveyancing work.
Can you be sure that you are complying with the instructions as a firm on the Cambridge Building Society conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is the only company offering a comprehensive lender panel compliance audit for your conveyancing files where Cambridge Building Society are the lending client.
Our full directory of Cambridge Building Society Handbook instructions gives us the ability to audit a law firms’ conveyancing files whilst on the Cambridge Building Society conveyancing panel retrospectively and in the similar manner Cambridge Building Society would.
Our panel of expert auditors independently check using propriety templates and Lender instruction archives whether each transaction breached the requirements at the time the CoT was rendered.
Our standard fee for a Cambridge Building Society compliance panel audit is £1,975+VAT. We tend to examine 6 transaction files involving Cambridge Building Society, which we can stratify by tenure (e.g. leasehold) year of completion or a multitude variables.
Once finished, we will issue a detailed findings for your cases with Cambridge Building Society and a baseline risk score. We can also meet with you to set out our auditor’s findings and guidance in a formal debrief. Subsequent audits will occur. Our office will contact the head of conveyancing to request the status of actions taken. No more than one lender conveyancing panel audits may be requested by a practice in a calendar year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Cambridge Building Society 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 Cambridge Building Society panel compliance file audit. Please note that before accepting a Cambridge Building Society conveyancing panel compliance audit we have to conduct a conflict check. It may not be possible for Lexsure to carry out a Cambridge Building Society panel compliance file audit