Coutts Finance Conveyancing Panel Compliance Audit

It is highly likely that at some point your firm will have a file audited to check for breaches of the conveyancing panel Handbook requirements of Coutts Finance. Would you opt to be organising an audit or would you prefer to wait for your insurer or Coutts Finance?

Coutts Finance is like many lenders, one of the firm’s most important clients for conveyancing work.

Can you be sure that you are complying with the instructions as a firm on the Coutts Finance 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 comprehensive lender panel compliance audit for your conveyancing files where Coutts Finance are the the mortgagor.

Lexsure’s full database of Coutts Finance Handbook instructions enables us to audit a law firms’ conveyancing files whilst on the Coutts Finance conveyancing panel retrospectively and in much the same way as Coutts Finance would.

Lexsure’s panel of expert assessors independently assess making use of propriety templates and Lender P2 archives whether each transaction was in line with the requirements at the point that the Certificate of Title was submitted.

In the absence of your search company offering the service as part of your account management the costs is £1,975+VAT. We will review 6 transaction files involving Coutts Finance, which we can randomly select by tenure (e.g. leasehold) year of completion or a multitude variables.

Once finished, Lexsure will prepare a full written compliance profile for your transactions with Coutts Finance and a baseline risk score. We will also arrange a conference call with you to go through our auditor’s findings and recommendations in a formal interview. Audit follow-up will occur. Lexsure will contact the COLP to request the status of planned actions. A maximum of two lender conveyancing panel audits may be commissioned by a firm per annum.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to select the date, time and location of a Coutts Finance 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 reschedule a Coutts Finance panel compliance audit. Please note that before accepting a Coutts Finance conveyancing panel compliance file audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to carry out a Coutts Finance panel Handbook risk review

How can we help you? Coutts Finance Conveyancing File Audits FAQs


I spoke with a local firm who had requested an audit for their Coutts Finance conveyancing files but I was told by Lexsure that this was not possible for my firm due to a conflict of interest. Why would this be the case?

For further details click here.

What is the selection criteria for joining the Coutts Finance conveyancing panel?

You will need to check with Coutts Finance directly or their panel manager, if any. There is no connection between Lexsure and Coutts Finance in managing their conveyancing panel or selection criteria.

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

Subject to the date of the P2’s, we may be able to assist. Please contact us directly asking to speak to someone in the Lexsure Litigation Support Team.

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

Appointed auditors have at least 25 years conveyancing PQE (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and Building Society Association Mortgage Instructions)

I am told that if I book an audit through certain search providers that I can have the lender compliance conveyancing audit for free. Is that right?

At the time of preparing this answer we are not aware of any such offer but please contact your search provider directly and ask them to call us. Occasionally discount voucher codes are available via participating search companies.