Ipswich Building Society Conveyancing Panel Compliance Audit

It is highly probable that in the future your practice will have a file audited to check for breaches of the conveyancing panel Handbook requirements of Ipswich Building Society. Would you prefer to be commissioning the audit or would you prefer to wait for your insurer or Ipswich Building Society?

Ipswich Building Society is probably one of your most important clients for conveyancing work.

Are you 100% sure that you are adhering to the requirements as a practice on the Ipswich Building Society conveyancing panel?

Lexsure is the only company offering a comprehensive lender panel compliance audit for your conveyancing files where Ipswich Building Society are the lender.

Lexsure’s comprehensive database of Ipswich Building Society Handbook instructions gives us the ability to audit a law firms’ conveyancing cases whilst on the Ipswich Building Society conveyancing panel retrospectively and in much the same way as Ipswich Building Society would.

Lexsure’s panel of expert auditors independently assess making use of propriety templates and Lender obligation archives whether each conveyancing matter complied with your contractual obligations at the point that the Certificate of Title was issued.

For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. Our team will review nine transaction files involving Ipswich Building Society, which we can stratify by tenure (e.g. leasehold) year of completion or a multitude variables.

Once finished, Lexsure will issue a full written findings for your files with Ipswich Building Society and a baseline risk score. We can also meet with you to explain our expert findings and guidance in a formal interview. Subsequent audits can be scheduled. Our office will contact the head of conveyancing to request the status of planned actions. No more than one lender conveyancing panel audits may be requested by a firm in a twelve month period.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to choose the date, time and location of a Ipswich 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 cancel a Ipswich Building Society panel compliance file audit. Please note that before accepting a Ipswich Building Society conveyancing panel compliance audit we have to conduct a conflict check. It is not always possible for Lexsure to conduct a Ipswich Building Society panel Part 2 compliance audit

FAQs : Ipswich Building Society Conveyancing File Audits


This practice is on the Ipswich Building Society conveyancing panel and we deal with both purchases and remortgage cases. Would your audit cover both types of translation types?

Yes

Can you give examples of some of the more common Lender Handbook breaches by conveyancing lawyers on the Ipswich Building Society panel?

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

On what basis do Ipswich Building Society select files for audits?

Lexsure are not privy to the criteria Ipswich Building Society would select a file from a conveyancing practice presently on or previously on their conveyancing panel

Does an audit of my firm’s previous files involving Ipswich Building Society enable my firm to be reinstated on the Ipswich Building Society conveyancing panel?

No. We do not get involved in the Ipswich Building Society conveyancing panel selection or reinstatement process

How long will I need to wait before I receive my written report to discuss with my fellow directors following an audit of our firm's Ipswich Building Society panel conveyancing files?

The intention is to issue a written report within ten working days of an audit.