Removal from the RBS- First Active and other lender panels: Why they do it and how to get reinstated
- 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.
- Persistent delays in post completion requirements on behalf of RBS- First Active
- Failure to act in accordance with the RBS- First Active panel requirements, 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.
- Breaches of RBS- First Active conveyancing panel requirements
- Significant 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.
Questions RBS- First Active panel reinstatement firms ask us
- What times frames are involved when applying to revert back onto the RBS- First Active conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with RBS- First Active is turned down?
- Is there a fee to be reinstated onto the RBS- First Active conveyancing panel?
- Can we act for RBS- First Active while the application for reinstatement on the RBS- First Active panel is being assessed? How do I know if our reinstatement application to the RBS- First Active panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the RBS- First Active 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 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.