Chesham Building Society Conveyancing Panel Compliance Audit

It is very likely that at some point your practice will receive a file request to check for compliance with the conveyancing panel Handbook requirements of Chesham Building Society. Would you rather be organising an audit or would you prefer to wait for your insurer or Chesham Building Society?

Chesham Building Society is in all probability one of your most important clients for conveyancing work.

How certain are you that you are strictly following the instructions as a practice on the Chesham Building Society conveyancing panel?

You may prefer to use your current Lexcel auditors but Lexsure stand alone in being able to carry out a comprehensive lender panel compliance audit for your conveyancing files where Chesham Building Society are the lending client.

Our comprehensive directory of Chesham Building Society Handbook instructions gives us the ability to audit a law firms’ conveyancing cases whilst on the Chesham Building Society conveyancing panel retrospectively and in much the same way as Chesham Building Society would.

Our panel of expert auditors impartially check utilising propriety templates and Lender obligation archives whether each transaction breached your contractual obligations when the CoT was issued.

Our standard costs is £1,975+VAT. Our team tend to audit nine transaction files involving Chesham Building Society, which we can randomly select by tenure (e.g. leasehold) date or other characteristics.

Once the audit is completed, Lexsure will present you with a full written findings for your files with Chesham Building Society and a baseline risk summary. We will also arrange a conference call with you to set out our expert findings and guidance in a formal interview. Further audits can be scheduled. Our office will contact the COLP to request the status of actions taken. A maximum of one lender conveyancing panel audits may be requested by a practice a year.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Chesham 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 Chesham Building Society panel compliance audit. Please note that before accepting a Chesham Building Society conveyancing panel compliance review we have to conduct a conflict check. It is sometimes not possible for Lexsure to agree to a Chesham Building Society panel compliance review

How can we help you? Chesham Building Society Conveyancing File Audits FAQs

Are lender Handbook audits common?

It is becoming more common. Even with repossessions at a low rate lenders are on the move with conveyancing file inspections are already on the increase. Lenders (although not specifically Chesham Building Society) and PI insurers complain that non-compliance is still all too frequent, even in reputable conveyancing firms. With pressure on interest rates and an uncertain financial climate, we recommend ensuring your compliance before repossessions rise and even more file audits are commissioned by lenders and insurers.

Lexsure were mentioned on the conveyancing section of my PI Insurance form this year. Do certain insurers offer discounts where a firm has a positive lender compliance audit?

We suggest that you get in touch with your insurer or insurance broker.

Are you able to provide examples of some of the more common Lender Handbook breaches by conveyancing lawyers on the Chesham Building Society panel?

Lexsure often conduct conveyancing webinars focused on breaches across all lenders. Please feel free to book a place.

How experienced are the auditors who conduct Lexsure Lender Compliance Audits?

Designated auditors have at least 25 years conveyancing PQE (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and BSA Handbook)

My practice is on the Chesham Building Society conveyancing panel and we deal with both purchases and remortgage cases. Would your audit cover both case types?