Removal from the Royal Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- 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.
- Breaches of Royal Bank of Scotland conveyancing panel requirements
- Recurring delays in post completion requirements set by Royal Bank of Scotland
- Your practice no longer meets the criteria to remain on the Royal Bank of Scotland conveyancing panel
Top questions concerning Royal Bank of Scotland panel reinstatement
- Is it the practice manager who is required to complete the reinstatement application to the Royal Bank of Scotland panel ?
- What happens if our Royal Bank of Scotland panel reinstatement application is rejected and the client of the firm has a mortgage application with the Royal Bank of Scotland?
- 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 firm can submit applications to be reinstated 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?
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.