Removal from the RBS- First Active and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the RBS- First Active conveyancing panel
- Failure to reapply to remain on the RBS- First Active convincing panel
- Non-compliance 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 adopt.
- Recurring delays in post completion requirements on behalf of RBS- First Active
- Persistent delays in registering a charge 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.
Answers to Frequently asked questions concerning RBS- First Active panel reinstatement
- Can we act for RBS- First Active while the appeal for reinstatement on the RBS- First Active panel is being progressed? How do I find out if our reinstatement application to the RBS- First Active panel is approved?
- Does my practice need to apply annually to be reinstated on the RBS- First Active conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is declined?
- Can you outline the application protocol to be reinstated onto the RBS- First Active conveyancing panel?
- Is there a fee to be reinstated onto the RBS- First Active conveyancing panel?
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.