Legal & General Home Finance Conveyancing Panel Compliance Audit

Can you afford to be removed from the Legal & General Home Finance panel? Put your mind at rest by checking that you are complying with the Handbook for Legal & General Home Finance.

Legal & General Home Finance is like many lenders, one of your most important clients for conveyancing work.

Are you 100% sure that you are adhering to the instructions as a practice on the Legal & General Home Finance conveyancing panel?

As far as we are aware Lexsure is the only company offering a comprehensive lender panel compliance audit for your conveyancing files where Legal & General Home Finance are the lender.

Our complete database of Legal & General Home Finance Handbook instructions enables us to audit a law firms’ conveyancing files whilst on the Legal & General Home Finance conveyancing panel retrospectively and in the similar manner Legal & General Home Finance would.

Our panel of experienced auditors objectively review utilising propriety templates and Lender P2 archives whether each transaction complied with the requirements when the CoT was rendered.

For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. Our team tend to audit 6 transaction files involving Legal & General Home Finance, which we can randomly select by tenure (e.g. leasehold) year of completion or a multitude characteristics.

Once the fieldwork is completed, we will supply you with a detailed findings for your files with Legal & General Home Finance and a baseline risk score. We will also arrange a conference call with you to explain our expert findings and guidance in a formal interview. Audit follow-up can be scheduled. Lexsure will contact the COLP to request the status of planned actions. No more than one lender conveyancing panel audits may be commissioned by a firm in a calendar year.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to choose the date, time and location of a Legal & General Home 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 rebook a Legal & General Home Finance panel compliance review. Please note that before accepting a Legal & General Home Finance conveyancing panel compliance review we have to conduct a conflict check. It may not be possible for Lexsure to carry out a Legal & General Home Finance panel compliance file audit

Frequently asked questions concerning Legal & General Home Finance conveyancing file audits


If my firm is an existing user of Lexsure services, such as ENQUIRYgenerator does my firm have access to a yearly Lexsure Lender Compliance Audit at no extra cost?

The Lexsure Lender Compliance Audit is a stand-alone facility for conveyancing practices on lender panels and is independently charged for.

I rarely receive a copy valuation from a lender anymore. Do my Legal & General Home Finance conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with Legal & General Home Finance as the lender?

You will need to check the Handbook requirements for Legal & General Home Finance as far as this is concerned.

My firm is on the Legal & General Home Finance conveyancing panel and I am considering using your services for conveyancing file audits. Is Lexsure a member of The Institute of Internal Auditors?

No

On what basis do Legal & General Home Finance select files for audits?

Lexsure are not privy to the criteria Legal & General Home Finance would select a file from a conveyancing practice presently on or historically on their conveyancing panel

When can I expect my written report to discuss with my fellow directors following an audit of our firm's Legal & General Home Finance panel conveyancing files?

We aim to have a written report within ten working days of an audit.