Removal from the RBS - Direct Line One and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of RBS - Direct Line One
- Non-compliance with the RBS - Direct Line One panel requirements, the written instructions that RBS - Direct Line One provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS - Direct Line One may subsequently adopt.
- RBS - Direct Line One may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Significant delays in registering a charge on behalf of RBS - Direct Line One Delays or failure to register the RBS - Direct Line One charge may result in referral to external lawyers of RBS - Direct Line One to complete outstanding requirements.
- Breaches of RBS - Direct Line One conveyancing panel requirements
Answers to Frequently asked questions concerning RBS - Direct Line One panel reinstatement
- What times frames are involved when applying to be reinstated onto the RBS - Direct Line One conveyancing panel?
- Can this firm act for RBS - Direct Line One while the application for reinstatement on the RBS - Direct Line One panel is being reviewed? How do I know if our reinstatement application to the RBS - Direct Line One panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the RBS - Direct Line One panel ?
- Does my practice need to apply annually to remain on the RBS - Direct Line One conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to be reinstated on the RBS - Direct Line One conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking RBS - Direct Line One panel reinstatement is to ensure that your firm is not removed off of the RBS - Direct Line One conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the RBS - Direct Line One conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to RBS - Direct Line One directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the RBS - Direct Line One conveyancing panel.