Coutts & Co is in all probability one of the firm’s most important clients for conveyancing work.
Can you be sure that you are complying with the instructions as a practice on the Coutts & Co conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is the only company offering a full lender panel compliance audit for your conveyancing files where Coutts & Co are the the mortgagor.
Our complete directory of Coutts & Co Handbook instructions gives us the ability to analyse a law firms’ conveyancing files whilst on the Coutts & Co conveyancing panel retrospectively and in much the same way as Coutts & Co would.
Our panel of expert auditors objectively check utilising propriety templates and Lender Handbook archives whether each conveyancing matter was in line with the requirements at the time the CoT was rendered.
For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. We will review nine remortgage or purchase files involving Coutts & Co, which we can randomly select by tenure (e.g. leasehold) year of completion or other characteristics.
Once finished, Lexsure will issue a detailed findings for your files with Coutts & Co and a baseline risk summary. We will also meet with you to set out our auditor’s findings and guidance in a formal interview. Subsequent audits will occur. Our office will contact the managing partner to request the status of actions taken. A maximum of one lender conveyancing panel audits may be requested by a firm per annum.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Coutts & Co 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 Coutts & Co panel compliance review. Please note that before accepting a Coutts & Co conveyancing panel compliance review we have to conduct a conflict check. It is sometimes not possible for Lexsure to carry out a Coutts & Co panel compliance file audit