West Bromwich Mortgage Company Conveyancing Panel Compliance Audit

It is very likely that at some point your firm will receive a file request to check for compliance with the conveyancing panel Handbook requirements of West Bromwich Mortgage Company. Would you prefer to be commissioning the audit or would you rather wait for your insurer or West Bromwich Mortgage Company?

West Bromwich Mortgage Company is no doubt one of your most valued clients for conveyancing work.

Are you 100% sure that you are complying with the instructions as a firm on the West Bromwich Mortgage Company conveyancing panel?

You can ask one of your team to carry out an audit but Lexsure stand alone in being able to carry out a comprehensive lender panel compliance audit for your conveyancing files where West Bromwich Mortgage Company are the lender.

Our full bank of West Bromwich Mortgage Company Handbook instructions gives us the ability to audit a law firms’ conveyancing cases whilst on the West Bromwich Mortgage Company conveyancing panel retrospectively and in the same vein as West Bromwich Mortgage Company would.

Lexsure’s panel of expert auditors independently check utilising propriety templates and Lender instruction archives whether each conveyancing matter was in line with the requirements at the point that the CoT was rendered.

Our standard fee for a West Bromwich Mortgage Company compliance panel audit is £1,975+VAT. We will examine eight transaction files involving West Bromwich Mortgage Company, which we can stratify by tenure (e.g. leasehold) year of completion or a multitude characteristics.

Once the audit is completed, Lexsure will compile a full written findings for your transactions with West Bromwich Mortgage Company and a baseline risk profile. We can also follow-up with you to set out our expert findings and guidance in a formal debrief. Further audits will occur. Our office will contact the practice manager to request the status of actions taken. A maximum of one lender conveyancing panel audits may be commissioned by a practice per annum.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to choose the date, time and location of a West Bromwich Mortgage Company 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 West Bromwich Mortgage Company panel compliance review. Please note that before accepting a West Bromwich Mortgage Company conveyancing panel compliance file audit we have to conduct a conflict check. It is not always possible for Lexsure to carry out a West Bromwich Mortgage Company panel Part 2 compliance review

West Bromwich Mortgage Company Conveyancing File Audits : Ask Us Anything


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

Appointed auditors have at least twenty five years conveyancing experience (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and BSA Handbook)

Lexsure were mentioned on the conveyancing section of my PI Insurance form this year. Do certain insurers reduce their premium where a firm conducts a lender compliance audit?

Please contact your insurer or insurance broker.

Does an audit of my firm’s previous files involving West Bromwich Mortgage Company enable my firm to be reinstated on the West Bromwich Mortgage Company conveyancing panel?

No. We are not involved in the West Bromwich Mortgage Company conveyancing panel selection or reinstatement criteria

In light of recent events can Lexsure do a Lender Compliance Audits remotely as our conveyancing lawyers are currently working from home?

Yes, subject to certain requirements which we will send you by way of email.

What is the selection criteria for joining the West Bromwich Mortgage Company conveyancing panel?

Please enquire of West Bromwich Mortgage Company directly or their panel manager, if any. There is no connection between Lexsure and West Bromwich Mortgage Company in managing their conveyancing panel or selection criteria.