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Showing posts from May, 2020

Lexsure Tech goes from Luxury to Necessity

Since 2008  Lexsure’s software solutions have been adopted by over one thousand firms to assist in managing conveyancing risk and automating key documents such as Reports on Title. That being said, until recently, Lexsure products have been perceived  as a ‘great to have’ rather than a ‘must have’.  Now more than ever, Lexsure’s portfolio of cloud-based tools including it’s pre-completion checklists, CQS Core Practice Management  Standard  Policy update service and LM04 Policy Search  are regarded as crucial for a firm’s survival in today’s unprecedented crisis.  Over 300 law firms in the last three weeks have attended Lexsure’s interactive remote web conferences on how to use the Lexsure products. On-demand training videos have been viewed hundreds of times in the same period. Conveyancing practices face a new environment. Firms now have extra motivation to explore alternative ways of working and provide new tools to up-skill their team with a view ...

No Lender Lockdown When it Comes to Handbook Changes

In the last three months Lexsure has witnessed significant activity by lenders changing their Handbook requirements. Whilst firms currently encounter a slowdown in activity from buyers and sellers there is no hold-up in lenders revising their instructions to law firms. Here are some of the facts and figures: Lender Sections Changed Separate Events Barclays Bank UK PLC 27 2 Halifax 3 1 Aldermore Bank  12 4 Coventry Building Society 3 2 Lloyds 2 1 Atom Bank 13 3 HSBC 1 1 During the same period there has been a significant uptake in services such as LENDERmonitor . I can only assume that this is due to anticipated file requests checking for Handbook breaches. Enquiries by firms concerning the LM04 lender policy search increased by 300% compared to the same period last year.  55% of LM04 searches in the last two months revealed lender changes. The most searched lender was HSBC.  With the end of the ...