Coutts & Co Conveyancing Panel Compliance Audit

Can you afford to be removed from the Coutts & Co panel? Put your mind at rest by ensuring that you are complying with the BSA Mortgage Instructions for Coutts & Co.

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

Coutts & Co Conveyancing File Audits : Ask Us Anything


My firm is on the Coutts & Co conveyancing panel and we deal with both purchases and remortgage cases. Would your audit cover both types of translation types?

Yes

Whilst I do not require the services of Lexsure for an Coutts & Co Handbook Compliance Audit, I would like access to P2 requirements for Coutts & Co for a specific date. Is this something you are able to assist with?

Depending on the date, we may be able to assist. Please contact us directly asking to speak to someone in the Lexsure Litigation Support Team.

When can I expect my written report to run through with my fellow directors following an audit of our firm's Coutts & Co panel conveyancing files?

We aim to have a written report within ten working days of the audit taking place.

On what basis do Coutts & Co select files for audits?

We are not privy to the criteria Coutts & Co would select a file from a firm currently on or historically on their conveyancing panel

Can you give examples of some of the more common Lender Handbook breaches by conveyancing lawyers on the Coutts & Co panel?

Lexsure often host conveyancing webinars on common breaches across all lenders. Please contact your search company to make a reservation.