Removal from the Royal Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Royal Bank of Scotland may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to act in accordance with the Royal Bank of Scotland panel terms, the written instructions that Royal Bank of Scotland provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Royal Bank of Scotland may subsequently subscribe.
- Recurring delays in post completion requirements on behalf of Royal Bank of Scotland
- Missing deadline to reapply to be on the Royal Bank of Scotland convincing panel
- Your law firm fails to meet the criteria to remain on the Royal Bank of Scotland conveyancing panel
Royal Bank of Scotland panel reinstatement: Five Common Questions
- Am I restricted as to the number of occasions my firm can apply to get back on the Royal Bank of Scotland conveyancing panel?
- What times frames are involved when applying to revert back onto the Royal Bank of Scotland conveyancing panel?
- Can we act for Royal Bank of Scotland while the application for reinstatement on the Royal Bank of Scotland panel is being processed? How do I discover if our reinstatement application to the Royal Bank of Scotland panel is approved?
- Does my practice need to apply annually to be reinstated on the Royal Bank of Scotland conveyancing panel?
- What happens if our Royal Bank of Scotland panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Royal Bank of Scotland?
Top Tip: The best way to avoid the hassle of seeking Royal Bank of Scotland panel reinstatement is to ensure that your firm is not removed off of the Royal Bank of Scotland 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 Royal Bank of Scotland conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Royal Bank of Scotland 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 Royal Bank of Scotland conveyancing panel.