RBS (One Account) panel reinstatement guidance - Here to assist

There are a number of explanations why a law firm might be terminated from the RBS (One Account) conveyancing panel. Here are a few:

  1. Missing deadline to reapply to be on the RBS (One Account) convincing panel
  2. Your law firm no longer meets the criteria to remain on the RBS (One Account) conveyancing panel
  3. 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.
  4. Persistent 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.
  5. Significant delays in post completion requirements set by RBS (One Account)

RBS (One Account) Conveyancing Panel Reinstatement: Common Questions

  1. What will happen if our RBS (One Account) panel reinstatement application is refused and the client of the firm has a mortgage application with the RBS (One Account)?
  2. Is there a fee to be reinstated onto the RBS (One Account) conveyancing panel?
  3. How long does the application process take when applying to revert back onto the RBS (One Account) conveyancing panel?
  4. Can we appeal if our application for reinstatement was turned down?
  5. Does my practice need to apply annually 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.