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

  • Breaches of RBS (One Account) conveyancing panel requirements
  • Failure to reapply to remain on the RBS (One Account) convincing panel
  • Persistent delays in post completion requirements set by RBS (One Account)
  • Significant delays in registering a charge 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.
  • Failure to act in accordance with the RBS (One Account) panel terms, the written instructions that RBS (One Account) provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS (One Account) may subsequently subscribe.

FAQs : RBS (One Account) Conveyancing panel reinstatement

  • 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 appeal to the RBS (One Account) panel is approved?
  • Is there a cost to revert back onto the RBS (One Account) conveyancing panel?
  • Is it possible to find out this practice’s application for reinstatement is rejected?
  • Am I restricted as to the number of times my law firm can submit applications to be reinstated on the RBS (One Account) conveyancing panel?
  • What are the consequences if our RBS (One Account) panel reinstatement application is turned down and the client of the firm has a mortgage offer with the RBS (One Account)?

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 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 RBS (One Account) conveyancing panel.

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