The Chorley & District Building Society Conveyancing Panel Compliance Audit

It is very probable that at some point your firm will receive a file request to check for breaches of the conveyancing panel Handbook requirements of The Chorley & District Building Society. Would you rather be organising an audit or would you prefer to wait for your insurer or The Chorley & District Building Society?

The Chorley & District Building Society is undoubtedly one of the firm’s most important clients for conveyancing work.

Are you 100% sure that you are strictly following the requirements as a practice on the The Chorley & District Building Society conveyancing panel?

Lexsure stand alone in being able to carry out a comprehensive lender panel compliance audit for your conveyancing files where The Chorley & District Building Society are the lending client.

Lexsure’s complete bank of The Chorley & District Building Society Handbook instructions gives us the ability to review a law firms’ conveyancing cases whilst on the The Chorley & District Building Society conveyancing panel retrospectively and in much the same way as The Chorley & District Building Society would.

Lexsure’s panel of experienced auditors impartially review making use of propriety templates and Lender Handbook archives whether each transaction was in line with your contractual obligations at the point that the CoT was signed off.

In the absence of your search company offering the service as part of your account management the costs is £1,975+VAT. Our team will review nine transaction files involving The Chorley & District Building Society, which we can stratify by tenure (e.g. leasehold) year of completion or other characteristics.

Once the fieldwork is completed, we will issue a full written compliance profile for your files with The Chorley & District Building Society and a baseline risk summary. We will also follow-up with you to present our expert findings and recommendations in a formal interview. Further audits will occur. Lexsure will contact the firm to request the status of planned actions. No more than one lender conveyancing panel audits may be commissioned by a practice in a calendar year.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to choose the date, time and location of a The Chorley & District 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 reschedule a The Chorley & District Building Society panel compliance audit. Please note that before accepting a The Chorley & District Building Society conveyancing panel compliance review we have to conduct a conflict check. It may not be possible for Lexsure to conduct a The Chorley & District Building Society panel compliance review

Frequently asked questions concerning The Chorley & District Building Society conveyancing file audits


What is the selection criteria for joining the The Chorley & District Building Society conveyancing panel?

Please enquire of The Chorley & District Building Society directly or their panel manager, if any. There is no connection between Lexsure and The Chorley & District Building Society in managing their conveyancing panel or selection criteria.

Whilst I do not require the services of Lexsure for an The Chorley & District Building Society UK Finance Mortgage Handbook Audit, I would like access to P2 requirements for The Chorley & District Building Society for a specific date. Is this something you can help with?

Subject to the date of the P2’s, we may be able to assist. Please contact us directly asking to speak to someone in the Lexsure Litigation Support Team.

My firm is on the The Chorley & District Building Society conveyancing panel and I am considering using your services for conveyancing file audits. Is Lexsure a member of The Institute of Internal Auditors?

No

What level of experience do the auditors have who conduct Lexsure Lender Compliance Audits?

Designated auditors have at least 25 years conveyancing PQE (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and Building Society Association Handbook)

I rarely receive a copy valuation from a lender anymore. Do my The Chorley & District Building Society conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with The Chorley & District Building Society as the lender?

You will need to check the Handbook requirements for The Chorley & District Building Society in this regard.