Brings increased protection, consistency and efficiency to building the most important - yet tedious and time-consuming - document in a purchase transaction.
- ‘ROT’ traditionally takes approximately 60 minutes per transaction for conveyancers - now done in seconds
- Powerful, context-driven template offers lawyers a host of add-in sections covering commonplace to extremely obscure conditions that may be relevant to the property
- Frequent upgrades to Lexsure’s template are deployed, covering new areas of risk or emerging areas of concern, such as Green Deal advice, solar panels, short leases etc.
- Fully customisable elements allow firm to retain control and ensure quality control
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Enables lawyers to stay on top of lenders’ policy requirements as set out in Part 2 of their Handbook instructions.
- There have been thousands of changes to requirements from over 200 different lenders in the last 10 years.
- The software has been promoted on numerous professional insurance forms because it is the only way for lawyers to be aware of handbook changes - it protects the lawyer from making a mistake and being sued due to their lack of knowledge
- With 25% of all negligence claims against solicitors being brought by lenders, LENDERmonitor is an essential yet simple risk-mitigation tool
- Facility to support litigation, whereby historic Part-2’s may be made available.
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Intelligent, interactive online checklist and risk management system used by property lawyers
- Raises relevant and dynamically evolving questions that change based on the criteria of each property transaction, incorporating lender requirements on sales, purchase and re-mortgages
- Can assist with securing or reducing law firms’ indemnity insurance and with securing/retaining membership of lender panels
- Produces comprehensive CQS, MLRO COLP and COFA reports
- Promoted and supported by insurers and lenders
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