Removal from the RBS- First Active and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements set by RBS- First Active
- Breaches of RBS- First Active conveyancing panel requirements
- 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 subscribe.
- 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.
- Recurring 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 panel reinstatement : You have questions, we have answers
- How often will this firm be required to re-apply to be reinstated on the RBS- First Active conveyancing panel?
- How long does the application process take when applying to be reinstated onto the RBS- First Active conveyancing panel?
- What happens if our RBS- First Active panel reinstatement application is rejected and the client of the firm has a mortgage application with the RBS- First Active?
- Do any avenues remain open if my firm’s reinstatement panel submission with RBS- First Active is turned down?
- Is it possible to find out our application for reinstatement was declined?
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.