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.
- Recurring non-compliance with post completion requirements set by Royal Bank of Scotland
- Non-compliance with the Royal Bank of Scotland panel requirements, 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.
- Failure to reapply to be on the Royal Bank of Scotland convincing panel
- Breaches of Royal Bank of Scotland conveyancing panel requirements
Questions Royal Bank of Scotland panel reinstatement firms ask us
- Do any avenues remain open if our reinstatement panel submission with Royal Bank of Scotland is declined?
- Does my practice need to apply annually to remain on the Royal Bank of Scotland conveyancing panel?
- What are the next steps open to me if our Royal Bank of Scotland panel reinstatement application is refused and our client has a mortgage application with the Royal Bank of Scotland?
- What times frames are involved when applying to revert back onto the Royal Bank of Scotland conveyancing 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 discover 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 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 Royal Bank of Scotland conveyancing panel.