Clydesdale Bank Conveyancing Panel Compliance Audit

Your firm can wait for Clydesdale Bank to make a file request or you can ask Lexsure to do a Clydesdale Bank panel compliance conveyancing audit.

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

How certain are you that you are adhering to the requirements as a practice on the Clydesdale Bank conveyancing panel?

It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is uniquely positioned to conduct a comprehensive lender panel compliance audit for your conveyancing files where Clydesdale Bank are the the mortgagor.

Our complete database of Clydesdale Bank Handbook instructions enables us to examine a law firms’ conveyancing cases whilst on the Clydesdale Bank conveyancing panel retrospectively and in the same vein as Clydesdale Bank would.

Our panel of expert assessors independently review making use of propriety templates and Lender P2 archives whether each conveyancing matter breached your contractual obligations at the time the CoT was signed off.

Our standard fee for a Clydesdale Bank compliance panel audit is £1,975+VAT. Our team tend to analyse eight remortgage or purchase files involving Clydesdale Bank, which we can stratify by tenure (e.g. leasehold) date or a mix variables.

At the end of the audit, Lexsure will compile a detailed compliance profile for your cases with Clydesdale Bank and a baseline risk summary. We will also meet with you to set out our expert findings and recommendations in a formal debrief. Audit follow-up can be scheduled. Lexsure will contact the firm 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 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 rearrange a Clydesdale Bank panel compliance review. Please note that before accepting a Clydesdale Bank conveyancing panel compliance file audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to carry out a Clydesdale Bank panel compliance file audit

Frequently asked questions concerning Clydesdale Bank conveyancing file audits

Does Lexsure subcontract their lender compliance audits to an external panel of conveyancing specialists?

No. We do not outsourcelender compliance audits to an external panel of conveyancing experts. Audits are completed by our in-house team.

What happens if or when you uncover breaches? Do you inform Clydesdale Bank or their panel managers?

This is a common question. Where a conveyancing file audit is arranged by your firm and Lexsure discovers problems, they are often easily categorised. We can not undo what has been done but we are able to suggest adjustments to the problematic parts of your risk prevention protocols and checklists. In addition we can advise on tools to improve with the aim of protecting your panel status.

Where commissioned by your firm Lexsure has no duty to report breaches to Clydesdale Bank and we will ensure the results of your audit are completely confidential.

Whom should I contact if I require further information 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 respond. Please note that the form is not specific to Clydesdale Bank conveyancing panel firms so do mention Clydesdale Bank in the notes section.

Lexsure were mentioned on the conveyancing section of my PI Insurance form this year. Do certain insurers reduce their premium where a firm conducts a lender compliance audit?

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

My firm is on the Clydesdale Bank conveyancing panel and I am considering using your services for conveyancing file audits. Is Lexsure a member of The Institute of Internal Auditors?