Removal from the RBS- First Active and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of RBS- First Active Delays or failure to register the RBS- First Active charge may result in referral to external lawyers of RBS- First Active to complete outstanding requirements.
- Breaches of RBS- First Active conveyancing panel Terms and Conditions
- Failure to act in accordance with the RBS- First Active panel terms, the written instructions that RBS- First Active provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS- First Active may subsequently subscribe.
- Your law firm no longer meets the criteria to remain on the RBS- First Active conveyancing panel
- RBS- First Active may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Answers to Frequently asked questions concerning RBS- First Active panel reinstatement
- How often will this firm be required to re-apply to remain on the RBS- First Active conveyancing panel?
- How do I discover why our application for reinstatement is refused?
- Is there a cost to revert back onto the RBS- First Active conveyancing panel?
- Can you outline the application process to revert back onto the RBS- First Active conveyancing panel?
- What are the consequences if our RBS- First Active panel reinstatement application is rejected and the client of the firm has a mortgage offer with the RBS- First Active?
Top Tip: The best way to avoid the hassle of seeking RBS- First Active panel reinstatement is to ensure that your firm is not removed off of the RBS- First Active 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- First Active conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to RBS- First Active directly or via their appointed 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- First Active conveyancing panel.