Tipton Coseley Building Society Conveyancing Panel Compliance Audit

Check if your firm has a scheduled Lexsure Tipton Coseley Building Society Handbook Compliance Audit
Book a Lexsure Tipton Coseley Building Society Lender Handbook Compliance Audit

You no doubt expect your lawyers to be complying with the conveyancing panel Handbook requirements of Tipton Coseley Building Society or you can be sure by commissioning a compliance audit.

Tipton Coseley Building Society is in all probability one of the firm’s most valued clients for conveyancing work.

How certain are you that you are complying with the requirements as a firm on the Tipton Coseley Building Society 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 Tipton Coseley Building Society are the the mortgagor.

Lexsure’s comprehensive bank of Tipton Coseley Building Society Handbook instructions gives us the ability to review a law firms’ conveyancing files whilst on the Tipton Coseley Building Society conveyancing panel retrospectively and in the similar manner Tipton Coseley Building Society would.

Our panel of experienced assessors independently review making use of propriety templates and Lender instruction archives whether each transaction complied with the requirements when the Certificate of Title was signed off.

Our standard fee for a Tipton Coseley Building Society compliance panel audit is £1,975+VAT. Our team tend to audit nine transaction files involving Tipton Coseley Building Society, which we can randomly select by tenure (e.g. leasehold) date or a mix variables.

Once finished, we will prepare a full written compliance profile for your transactions with Tipton Coseley Building Society and a baseline risk score. We can also arrange a conference call with you to present our auditor’s findings and guidance in a formal interview. Subsequent audits can be scheduled. Lexsure will contact the appropriate personnel 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 you to select the date, time and location of a Tipton Coseley 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 Tipton Coseley Building Society panel compliance file audit. Please note that before accepting a Tipton Coseley Building Society conveyancing panel compliance file audit we have to conduct a conflict check. It may not be possible for Lexsure to carry out a Tipton Coseley Building Society panel compliance review

Tipton Coseley Building Society Conveyancing File Audits : How can we help you?

I rarely receive a copy valuation from a lender these days. Do my Tipton Coseley Building Society conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with Tipton Coseley Building Society as the lender?

You will need to check the Handbook requirements for Tipton Coseley Building Society as far as this is concerned.

Are lender Handbook audits common?

It is on the increase. Even with repossessions at a low rate lenders are on the move with conveyancing file inspections are already on the increase. Lenders (although not specifically Tipton Coseley Building Society) and PI insurers complain that non-compliance is still all too frequent, even in reputable conveyancing firms. With pressure on interest rates and an uncertain financial climate, we recommend ensuring your compliance before repossessions rise and even more file audits are commissioned by lenders and insurers.

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

The Lexsure Lender Compliance Audit is a stand-alone service available to property law practices on lender panels and is independently invoiced.

Does an audit of my firm’s previous files involving Tipton Coseley Building Society enable my firm to be reinstated on the Tipton Coseley Building Society conveyancing panel?

That is not the case. We are not involved in the Tipton Coseley Building Society conveyancing panel selection or reinstatement criteria

How do Tipton Coseley Building Society select files for audits?

Lexsure are not privy to the basis Tipton Coseley Building Society would select a file from a firm presently on or previously on their conveyancing panel