Removal from the RBS (One Account) and other lender panels: Why they do it and how to get reinstated
- 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.
- Your practice no longer meets the criteria to remain on the RBS (One Account) conveyancing panel
- Missing deadline to reapply to remain on the RBS (One Account) convincing panel
- Recurring 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.
- Non-compliance 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.
RBS (One Account) Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to be reinstated onto the RBS (One Account) conveyancing panel?
- What will happen if our RBS (One Account) panel reinstatement application is declined and our client has a mortgage offer with the RBS (One Account)?
- Is there a limit to the number of times my firm can apply to be reinstated on the RBS (One Account) conveyancing panel?
- Does my practice need to apply annually to be reinstated on the RBS (One Account) conveyancing panel?
- How do I discover why our application for reinstatement was declined?
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.