Clydesdale Bank Conveyancing Panel Compliance Audit

Can your firm afford to be expelled from the Clydesdale Bank panel? Put your mind at rest by ensuring that you are complying with the Handbook for Clydesdale Bank.

Clydesdale Bank is undoubtedly one of your most important clients for conveyancing work.

Can you be sure that you are strictly following the instructions as a practice on the Clydesdale Bank conveyancing panel?

Lexsure is uniquely positioned to conduct a full lender panel compliance audit for your conveyancing files where Clydesdale Bank are the lender.

Lexsure’s complete directory of Clydesdale Bank Handbook instructions gives us the ability to review a law firms’ conveyancing cases whilst on the Clydesdale Bank conveyancing panel retrospectively and in the similar manner Clydesdale Bank would.

Lexsure’s panel of experienced assessors impartially review using propriety templates and Lender P2 archives whether each transaction was in line with your contractual obligations when the Certificate of Title was rendered.

Our standard fee for a Clydesdale Bank compliance panel audit is £1,975+VAT. We tend to review eight transaction files involving Clydesdale Bank, which we can stratify by tenure (e.g. leasehold) year of completion or a multitude characteristics.

Once the fieldwork is completed, Lexsure will issue a full written findings for your cases with Clydesdale Bank and a baseline risk summary. We can also meet with you to explain our auditor’s findings and guidance in a formal debrief. Audit follow-up 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 practice a year.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Clydesdale Bank 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 rebook a Clydesdale Bank panel compliance audit. Please note that before accepting a Clydesdale Bank conveyancing panel compliance file audit we have to conduct a conflict check. It may not be possible for Lexsure to carry out a Clydesdale Bank panel Part 2 compliance file audit

How can we help you? Clydesdale Bank Conveyancing File Audits FAQs

Can I contact you if I have questions not covered in this section concerning an audit of our conveyancing files where Clydesdale Bank is the lender?

Please fill out the contact form here. We will call you. Please note that the form is not specific to Clydesdale Bank conveyancing panel firms so do mention Clydesdale Bank in the notes section.

Will a satisfactory audit of my firm’s previous files involving Clydesdale Bank enable my firm to be reinstated on the Clydesdale Bank conveyancing panel?

That is not the case. We are not involved in the Clydesdale Bank conveyancing panel selection or reinstatement process

Can you give examples of some of the more common Lender Handbook breaches by conveyancing lawyers on the Clydesdale Bank panel?

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

My firm is on the Clydesdale Bank conveyancing panel and we deal with both purchases and remortgage cases. Would your audit cover both case types?


Why would my firm consider a Clydesdale Bank handbook compliance audit?

Lexsure frequently meets Clydesdale Bank conveyancing panel firms who are confident that they have robust risk protocols. Yet Lexsure sees common breaches of the lender Handbook instructions. In fact, we rarely complete a single audit that didn’t reveal serious breaches. An adverse externally-commissioned audit by a lender could result in an insurance claim or removal from a panel. Failure to comply with handbook requirements for Clydesdale Bank or any lender leaves you open to costly and damaging claims if the lender suffers a loss and even regulatory action by the SRA. Lexsure’s lender compliance audits are the best way to ensure all is in order.