Virgin is in all likelihood, one of your most important clients for conveyancing work.
Are you 100% sure that you are strictly following the requirements as a practice on the Virgin 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 Virgin are the lending client.
Our comprehensive bank of Virgin Handbook instructions enables us to analyse a law firms’ conveyancing cases whilst on the Virgin conveyancing panel retrospectively and in much the same way as Virgin would.
Lexsure’s panel of experienced auditors independently assess utilising propriety templates and Lender P2 archives whether each transaction complied with the requirements at the time the CoT was signed off.
For conveyancing firms where their search provider is not offering the service, our fee for a Virgin compliance panel audit is £1,975+VAT. Lexsure tend to review 6 case files involving Virgin, which we can randomly select by tenure (e.g. leasehold) year of completion or a mix variables.
At the end of the audit, Lexsure will supply you with a full written findings for your files with Virgin and a baseline risk summary. We can also meet with you to go through our auditor’s findings and guidance in a formal debrief. Audit follow-up can be scheduled. Lexsure will contact the head of conveyancing to request the status of actions taken. No more than 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 select the date, time and location of a Virgin 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 rearrange a Virgin panel compliance file audit. Please note that before accepting a Virgin conveyancing panel compliance audit we have to conduct a conflict check. It is not always possible for Lexsure to carry out a Virgin panel Handbook risk review