Tag: Lender Compliance Audit
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Does Brexit Spell the Exit for Firms on Lender Panels?
The Bank of England’s governor has recently warned the cabinet that a chaotic no-deal Brexit could crash house prices. His worst-case scenario was that house prices could fall as much as 35% over three years. If such a prediction comes to pass it will be destructive for conveyancing firms. Lenders will not swallow their losses…
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Proving Conveyancing Quality to PI Insurers
In the lead-up to PI insurance renewals, Lexsure are offering firms the ability to commission a lender compliance audit which can be used to evidence to professional indemnity insurers the quality of their conveyancing. The independent assessment reviews files based on the UKF Handbook Requirements as of the date of the mortgage offer on file.…