Removal from the RBS- First Active and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the RBS- First Active conveyancing panel
- 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.
- 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.
- 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.
- Breaches of RBS- First Active conveyancing panel Terms and Conditions
Questions RBS- First Active panel reinstatement firms ask us
- 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 find out if our reinstatement appeal to the RBS- First Active panel is approved?
- What are the consequences if our RBS- First Active panel reinstatement application is turned down and the client of the firm has a mortgage application with the RBS- First Active?
- Is there a limit to the amount of times my practice can apply to be reinstated on the RBS- First Active conveyancing panel?
- Who should sign the reinstatement application to the RBS- First Active panel ?
- What times frames are involved when applying 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.