Hampden is like many lenders, one of your most valued clients for conveyancing work.
Can you be sure that you are complying with the requirements as a firm on the Hampden 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 Hampden are the the mortgagor.
Lexsure’s full directory of Hampden Handbook instructions enables us to review a law firms’ conveyancing files whilst on the Hampden conveyancing panel retrospectively and in the similar manner Hampden would.
Lexsure’s panel of expert assessors impartially review making use of propriety templates and Lender obligation archives whether each conveyancing matter was in line with your contractual obligations when the CoT was signed off.
For conveyancing firms where their search provider is not offering the service, our fee for a Hampden compliance panel audit is £1,975+VAT. We will analyse 6 remortgage or purchase files involving Hampden, which we can stratify by tenure (e.g. leasehold) date or other characteristics.
Once the fieldwork is completed, Lexsure will compile a full written findings for your transactions with Hampden and a baseline risk profile. We will also arrange a conference call with you to explain our expert findings and recommendations in a formal interview. Further audits can be scheduled. Our office will contact the managing partner to request the status of actions taken. No more than one lender conveyancing panel audits may be requested by a practice per annum.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Hampden 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 Hampden panel compliance review. Please note that before accepting a Hampden conveyancing panel compliance file audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to agree to a Hampden panel compliance file audit
Where commissioned by your firm Lexsure has no duty to report breaches to Hampden and we will ensure the results of your audit are completely confidential.