Removal from the Royal Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Royal Bank of Scotland convincing panel
- Royal Bank of Scotland 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.
- Failure to act in accordance with the Royal Bank of Scotland panel requirements, the written instructions that Royal Bank of Scotland give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Royal Bank of Scotland may subsequently subscribe.
- Breaches of Royal Bank of Scotland conveyancing panel Terms and Conditions
- Persistent delays in registering security on behalf of Royal Bank of Scotland Delays or failure to register the Royal Bank of Scotland charge may result in referral to external lawyers of Royal Bank of Scotland to complete outstanding requirements.
Answers to Frequently asked questions concerning Royal Bank of Scotland panel reinstatement
- Does my practice need to apply annually to remain on the Royal Bank of Scotland conveyancing panel?
- Am I restricted as to the number of times my law firm can submit applications to get back on the Royal Bank of Scotland conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Royal Bank of Scotland conveyancing panel?
- Who should sign the reinstatement application to the Royal Bank of Scotland panel ?
- Can this firm act for Royal Bank of Scotland while the appeal for reinstatement on the Royal Bank of Scotland panel is being assessed? How do I find out if our reinstatement appeal to the Royal Bank of Scotland panel is accepted?
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.