Hinckley and Rugby is one of the firm’s most important clients for conveyancing work.
Can you be sure that you are adhering to the requirements as a firm on the Hinckley and Rugby 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 Hinckley and Rugby are the lending client.
Our full database of Hinckley and Rugby Handbook instructions gives us the ability to audit a law firms’ conveyancing files whilst on the Hinckley and Rugby conveyancing panel retrospectively and in much the same way as Hinckley and Rugby would.
Lexsure’s panel of experienced assessors objectively check using propriety templates and Lender obligation archives whether each transaction was in line with the requirements when the CoT was issued.
For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. Lexsure tend to audit eight transaction files involving Hinckley and Rugby, which we can stratify by tenure (e.g. leasehold) date or other variables.
At the end of the audit, Lexsure will prepare a full written findings for your transactions with Hinckley and Rugby and a baseline risk summary. We will also meet with you to go through our auditor’s findings and recommendations in a formal debrief. Audit follow-up can be scheduled. Our office will contact the managing partner to request the status of planned actions. A maximum of two lender conveyancing panel audits may be commissioned by a practice in a twelve month period.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Hinckley and Rugby 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 rearrange a Hinckley and Rugby panel compliance review. Please note that before accepting a Hinckley and Rugby conveyancing panel compliance audit we have to conduct a conflict check. It is not always possible for Lexsure to carry out a Hinckley and Rugby panel compliance review
Where commissioned by your firm Lexsure has no duty to report breaches to Hinckley and Rugby and we will ensure the results of your audit are completely confidential.