Removal from the RBS (One Account) and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the RBS (One Account) convincing panel
- Your practice no longer meets the criteria to remain on the RBS (One Account) conveyancing panel
- 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.
- 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.
- Breaches of RBS (One Account) conveyancing panel requirements
Frequently asked 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 ?
- Can we appeal if my firm’s application for reinstatement was refused?
- Does my practice need to apply annually to be reinstated on the RBS (One Account) conveyancing panel?
- Is there a limit to the amount of occasions my firm can submit applications to be reinstated on 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 processed? How do I find out if our reinstatement application to the RBS (One Account) panel is accepted?
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.