Coventry Building Society is most likely one of the firm’s most valued clients for conveyancing work.
Are you 100% sure that you are strictly following the requirements as a firm on the Coventry Building Society conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure stand alone in being able to carry out a full lender panel compliance audit for your conveyancing files where Coventry Building Society are the lending client.
Our complete bank of Coventry Building Society Handbook instructions enables us to audit a law firms’ conveyancing cases whilst on the Coventry Building Society conveyancing panel retrospectively and in much the same way as Coventry Building Society would.
Lexsure’s panel of experienced auditors impartially assess using propriety templates and Lender Handbook archives whether each conveyancing matter breached the requirements at the point that the CoT was issued.
In the absence of your search company offering the service as part of your account management the fee for a Coventry Building Society compliance panel audit is £1,975+VAT. We tend to analyse 6 transaction files involving Coventry Building Society, which we can randomly select by tenure (e.g. leasehold) year of completion or other characteristics.
Once finished, we will prepare a full written compliance profile for your cases with Coventry Building Society and a baseline risk summary. We can also follow-up with you to present our auditor’s findings and guidance in a formal debrief. Subsequent audits will occur. Our office will contact the managing partner to request the status of actions taken. A maximum of two lender conveyancing panel audits may be requested by a firm per annum.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to choose the date, time and location of a Coventry Building Society 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 Coventry Building Society panel compliance file audit. Please note that before accepting a Coventry Building Society conveyancing panel compliance review we have to conduct a conflict check. It is not always possible for Lexsure to agree to a Coventry Building Society panel Handbook risk file audit
Where commissioned by your firm Lexsure has no duty to report breaches to Coventry Building Society and we will ensure the results of your audit are completely confidential.