Cambridge Building Society is amongst other lenders, one of your most important clients for conveyancing work.
How certain are you that you are strictly following the requirements as a practice on the Cambridge Building Society conveyancing panel?
You can ask one of your team to carry out an audit but Lexsure is uniquely positioned to conduct a full lender panel compliance audit for your conveyancing files where Cambridge Building Society are the the mortgagor.
Lexsure’s comprehensive database of Cambridge Building Society Handbook instructions enables us to analyse a law firms’ conveyancing cases whilst on the Cambridge Building Society conveyancing panel retrospectively and in the same vein as Cambridge Building Society would.
Our panel of expert assessors objectively check making use of propriety templates and Lender P2 archives whether each conveyancing matter breached your contractual obligations at the time the Certificate of Title was signed off.
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 audit eight transaction files involving Cambridge Building Society, which we can stratify by tenure (e.g. leasehold) date or a multitude characteristics.
At the end of the audit, Lexsure will compile a detailed findings for your transactions with Cambridge Building Society and a baseline risk summary. We will also meet with you to explain our auditor’s findings and recommendations in a formal debrief. Further audits can be scheduled. Lexsure will contact the head of conveyancing to request the status of actions taken. No more than two lender conveyancing panel audits may be commissioned by a firm 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 rearrange 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 conduct a Cambridge Building Society panel Part 2 compliance review
Where commissioned by your firm Lexsure has no duty to report breaches to Cambridge Building Society and we will ensure the results of your audit are completely confidential.