Suffolk Building Society is one of the firm’s most valued clients for conveyancing work.
Are you 100% sure that you are adhering to the requirements as a firm on the Suffolk Building Society conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is uniquely positioned to conduct a full lender panel compliance audit for your conveyancing files where Suffolk Building Society are the the mortgagor.
Our full directory of Suffolk Building Society Handbook instructions enables us to examine a law firms’ conveyancing files whilst on the Suffolk Building Society conveyancing panel retrospectively and in much the same way as Suffolk Building Society would.
Our panel of experienced assessors objectively review utilising propriety templates and Lender instruction archives whether each transaction breached your contractual obligations at the point that the CoT was signed off.
For conveyancing firms where their search provider is not offering the service, our fee for a Suffolk Building Society compliance panel audit is £1,975+VAT. Our team tend to audit nine case files involving Suffolk Building Society, which we can randomly select by tenure (e.g. leasehold) year of completion or other characteristics.
At the end of the audit, Lexsure will supply you with a full written findings for your transactions with Suffolk Building Society and a baseline risk summary. We can also meet with you to set out our auditor’s findings and recommendations in a formal debrief. Subsequent audits can be scheduled. Lexsure will contact the head of conveyancing to request the status of planned actions. A maximum of one lender conveyancing panel audits may be commissioned by a firm in a twelve month period.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Suffolk 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 rebook a Suffolk Building Society panel compliance review. Please note that before accepting a Suffolk Building Society conveyancing panel compliance audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to conduct a Suffolk Building Society panel compliance file audit