Navro Compliance Ltd was created out of a need for Conveyancers to keep pace with the ever-changing Lender Part II requirements.
The move to UK Finance means lenders have access to make changes to their part II’s 24/7 and it seems that they are doing this on a regular basis. Furthermore, were you aware that UK Finance do not keep a database of when any changes are made!
This is the reason that the first product created is the new LC-5 report on the part II’s of the handbook.
We scan the database at least 4 times a day to capture any amendments. Clients usually run a report on the day of instruction and at a minimum just before exchange to make sure there have been no changes, although we allow up to five updates on each case that is created.
The results are shown in a clear format with any new wording highlighted in red alongside the old wording so that these can be compared.
This allows them to keep a copy on their case files for any PI or audit issues and minimises the risk to the firm.
Most clients would order the LC-5 report through their search provider or case management system although the report is available via Navro direct on a standalone basis.
A number of other compliance products and services are at various stages of planning and build which would further enhance the relationship with Conveyancers.
Key Services
Address
1st Floor
85 Great Portland Street
London
W1W 7LT
Key Contact
Name: Mike Georgiou
Tel: 07950 397 508
Email: mike@navro.co.uk
Linkedin Acc: Mike Georgiou
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