LiveMore is probably one of your most valued clients for conveyancing work.
How certain are you that you are complying with the instructions as a practice on the LiveMore 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 comprehensive lender panel compliance audit for your conveyancing files where LiveMore are the lending client.
Our full directory of LiveMore Handbook instructions enables us to analyse a law firms’ conveyancing files whilst on the LiveMore conveyancing panel retrospectively and in much the same way as LiveMore would.
Lexsure’s panel of experienced auditors independently assess making use of propriety templates and Lender Handbook archives whether each conveyancing matter breached the requirements at the point that the CoT was completed.
In the absence of your search company offering the service as part of your account management the fee for a LiveMore compliance panel audit is £1,975+VAT. Lexsure will review 6 remortgage or purchase files involving LiveMore, which we can randomly select by tenure (e.g. leasehold) year of completion or a multitude characteristics.
Once the fieldwork is completed, we will compile a full written findings for your transactions with LiveMore and a baseline risk summary. We can also meet with you to present our expert findings and guidance in a formal debrief. Subsequent audits can be scheduled. Our office will contact the firm to request the status of actions taken. No more than two lender conveyancing panel audits may be commissioned by a firm in a calendar year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a LiveMore 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 LiveMore panel compliance file audit. Please note that before accepting a LiveMore conveyancing panel compliance file audit we have to conduct a conflict check. It is not always possible for Lexsure to carry out a LiveMore panel Handbook risk file audit