Removal from the Royal Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Breaches of Royal Bank of Scotland conveyancing panel requirements
- Failure to act in accordance with the Royal Bank of Scotland panel terms, 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.
- Missing deadline to reapply to be on the Royal Bank of Scotland convincing panel
- 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.
- 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.
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 occasions my law firm can submit applications to get back on the Royal Bank of Scotland conveyancing panel?
- Can this firm 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 accepted?
- Is there a cost to be reinstated onto the Royal Bank of Scotland conveyancing panel?
- Can you outline the application protocol to revert back onto the Royal Bank of Scotland conveyancing panel?
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.