Removal from the RBS (One Account) and other lender panels: Why they do it and how to get reinstated

  • Failure to reapply to remain on the RBS (One Account) convincing panel
  • Significant delays in registering security on behalf of RBS (One Account) Delays or failure to register the RBS (One Account) charge may result in referral to external lawyers of RBS (One Account) to complete outstanding requirements.
  • Your practice fails to meet the criteria to remain on the RBS (One Account) conveyancing panel
  • Breaches of RBS (One Account) conveyancing panel requirements
  • RBS (One Account) 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.

Top questions concerning RBS (One Account) panel reinstatement

  • Does the COLP in my firm need to complete the reinstatement application to the RBS (One Account) panel ?
  • What are the consequences if our RBS (One Account) panel reinstatement application is rejected and the client of the firm has a mortgage offer with the RBS (One Account)?
  • Is there a cost to be reinstated onto the RBS (One Account) conveyancing panel?
  • Can we act for RBS (One Account) while the appeal for reinstatement on the RBS (One Account) panel is being progressed? How do I know if our reinstatement application to the RBS (One Account) panel is approved?
  • How often will this firm be required to re-apply to remain on the RBS (One Account) conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking RBS (One Account) panel reinstatement is to ensure that your firm is not removed off of the RBS (One Account) 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 RBS (One Account) conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to RBS (One Account) 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 RBS (One Account) conveyancing panel.

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