State Bank of India UK is amongst other lenders, one of your most important clients for conveyancing work.
Can you be sure that you are adhering to the requirements as a firm on the State Bank of India UK conveyancing panel?
As far as we are aware Lexsure is uniquely positioned to conduct a full lender panel compliance audit for your conveyancing files where State Bank of India UK are the the mortgagor.
Our full directory of State Bank of India UK Handbook instructions gives us the ability to examine a law firms’ conveyancing cases whilst on the State Bank of India UK conveyancing panel retrospectively and in much the same way as State Bank of India UK would.
Lexsure’s panel of experienced auditors objectively check utilising propriety templates and Lender obligation archives whether each transaction was in line with the requirements at the time the Certificate of Title was submitted.
Our standard costs is £1,975+VAT. Lexsure tend to examine nine case files involving State Bank of India UK, which we can stratify by tenure (e.g. leasehold) date or a mix variables.
At the end of the audit, we will issue a detailed findings for your files with State Bank of India UK and a baseline risk score. We will also meet with you to explain our expert findings and recommendations in a formal debrief. Subsequent audits can be scheduled. Our office will contact the appropriate personnel to request the status of actions taken. A maximum of one lender conveyancing panel audits may be commissioned by a practice in a calendar year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to select the date, time and location of a State Bank of India UK 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 State Bank of India UK panel compliance file audit. Please note that before accepting a State Bank of India UK conveyancing panel compliance audit we have to conduct a conflict check. It may not be possible for Lexsure to conduct a State Bank of India UK panel Handbook risk file audit