Removal from the RBS- First Active and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the RBS- First Active panel terms, the written instructions that RBS- First Active give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS- First Active may subsequently adopt.
- Breaches of RBS- First Active conveyancing panel requirements
- 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.
- RBS- First Active 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.
- Your law firm fails to meet the criteria to remain on the RBS- First Active conveyancing panel
Top questions concerning RBS- First Active panel reinstatement
- Please can you set out the application procedures to revert back onto the RBS- First Active conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the RBS- First Active panel ?
- Is there a cost to be reinstated onto the RBS- First Active conveyancing panel?
- Can this firm act for RBS- First Active while the application for reinstatement on the RBS- First Active panel is being reviewed? How do I discover if our reinstatement application to the RBS- First Active panel is accepted?
- Is the door firmly shut if our reinstatement panel submission with RBS- First Active is refused?
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 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- First Active conveyancing panel.