Removal from the RBS (One Account) and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the RBS (One Account) panel requirements, the written instructions that RBS (One Account) give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS (One Account) may subsequently adopt.
- Failure to reapply to be on the RBS (One Account) convincing panel
- 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.
- Significant delays in post completion requirements set by RBS (One Account)
- Breaches of RBS (One Account) conveyancing panel requirements
RBS (One Account) Conveyancing Panel Reinstatement: Common Questions
- Can we act for RBS (One Account) while the application for reinstatement on the RBS (One Account) panel is being assessed? How do I know if our reinstatement application to the RBS (One Account) panel is approved?
- Is there a charge to revert back onto the RBS (One Account) conveyancing panel?
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the RBS (One Account) conveyancing panel?
- Who should complete the reinstatement application to the RBS (One Account) panel ?
- What are our options if our reinstatement panel submission with RBS (One Account) is turned down?
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.