Removal from the RBS (One Account) and other lender panels: Why they do it and how to get reinstated
- Your firm 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.
- Failure to reapply to be on the RBS (One Account) convincing panel
- Recurring non-compliance with post completion requirements set by RBS (One Account)
- Breaches of RBS (One Account) conveyancing panel Terms and Conditions
RBS (One Account) Conveyancing Panel Reinstatement: Common Questions
- Is it the practice manager who is required to sign the reinstatement application to the RBS (One Account) panel ?
- Is there a cost to revert back onto the RBS (One Account) conveyancing panel?
- How often will this firm be required to re-apply to remain on the RBS (One Account) conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with RBS (One Account) is turned down?
- What is the application process to be reinstated onto 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.