Lloyds is possibly one of your most valued clients for conveyancing work.
Can you be sure that you are adhering to the instructions as a practice on the Lloyds conveyancing panel?
Lexsure stand alone in being able to carry out a full lender panel compliance audit for your conveyancing files where Lloyds are the lender.
Lexsure’s complete database of Lloyds Handbook instructions enables us to audit a law firms’ conveyancing files whilst on the Lloyds conveyancing panel retrospectively and in much the same way as Lloyds would.
Our panel of expert auditors objectively check using propriety templates and Lender obligation archives whether each conveyancing matter breached your contractual obligations when the CoT was signed off.
For conveyancing firms where their search provider is not offering the service, our fee for a Lloyds compliance panel audit is £1,975+VAT. Lexsure will analyse nine case files involving Lloyds, which we can stratify by tenure (e.g. leasehold) date or other variables.
Once the audit is completed, we will present you with a full written compliance profile for your transactions with Lloyds and a baseline risk summary. We will also arrange a conference call with you to explain our auditor’s findings and recommendations in a formal interview. Subsequent audits will occur. Our office will contact the appropriate personnel to request the status of planned actions. A maximum of one lender conveyancing panel audits may be requested by a practice a year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Lloyds 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 Lloyds panel compliance file audit. Please note that before accepting a Lloyds conveyancing panel compliance audit we have to conduct a conflict check. It may not be possible for Lexsure to agree to a Lloyds panel compliance file audit