LiveMore Conveyancing Panel Compliance Audit

You can wait for LiveMore to request your files or you can ask Lexsure to do a LiveMore panel compliance conveyancing audit.

LiveMore is undoubtedly one of your most valued clients for conveyancing work.

Can you be sure that you are strictly following the requirements as a firm on the LiveMore conveyancing panel?

You can ask one of your team to carry out an audit but Lexsure is uniquely positioned to conduct a comprehensive lender panel compliance audit for your conveyancing files where LiveMore are the lending client.

Lexsure’s full database of LiveMore Handbook instructions enables us to review a law firms’ conveyancing cases whilst on the LiveMore conveyancing panel retrospectively and in the similar manner LiveMore would.

Lexsure’s panel of expert assessors objectively check making use of propriety templates and Lender instruction archives whether each conveyancing matter complied with the requirements when the CoT was completed.

In the absence of your search company offering the service as part of your account management the costs is £1,975+VAT. We tend to analyse eight remortgage or purchase files involving LiveMore, which we can randomly select by tenure (e.g. leasehold) date or a mix characteristics.

Once finished, Lexsure will present you with a full written compliance profile for your files with LiveMore and a baseline risk summary. We can also arrange a conference call with you to present our expert findings and recommendations in a formal debrief. Subsequent audits can be scheduled. Lexsure will contact the managing partner to request the status of planned actions. No more than two lender conveyancing panel audits may be commissioned by a practice a year.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you 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 rebook a LiveMore panel compliance file audit. Please note that before accepting a LiveMore conveyancing panel compliance audit we have to conduct a conflict check. It is not always possible for Lexsure to carry out a LiveMore panel compliance file audit

LiveMore Conveyancing File Audits : Your Questions


What is the selection criteria for joining the LiveMore conveyancing panel?

You will need to check with LiveMore directly or their panel manager, if any. There is no connection between Lexsure and LiveMore in managing their conveyancing panel or selection criteria.

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

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

My firm is on the LiveMore conveyancing panel and we deal with both purchases and remortgage cases. Would your audit cover both types of translation types?

Yes

Is it possible for Lexsure to conduct Lender Compliance Audits remotely as our conveyancing lawyers are not in the office?

Yes, subject to specific criteria which we will forward to you separately.

Does Lexsure outsource their P2 Handbook compliance audits to a third party panel of conveyancing specialists?

No. We do not outsourcelender compliance audits to an external panel of conveyancing experts. Audits are completed by our in-house team.