Removal from the RBS - Virgin One and other lender panels: Why they do it and how to get reinstated

  • Failure to reapply to remain on the RBS - Virgin One convincing panel
  • Significant delays in post completion requirements set by RBS - Virgin One
  • Failure to act in accordance with the RBS - Virgin One panel terms, the written instructions that RBS - Virgin One give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS - Virgin One may subsequently subscribe.
  • Breaches of RBS - Virgin One conveyancing panel Terms and Conditions
  • Recurring delays in registering security on behalf of RBS - Virgin One Delays or failure to register the RBS - Virgin One charge may result in referral to external lawyers of RBS - Virgin One to complete outstanding requirements.

RBS - Virgin One panel reinstatement : questions that we get asked

  • What are the consequences if our RBS - Virgin One panel reinstatement application is declined and our client has a mortgage application with the RBS - Virgin One?
  • Can we appeal if our application for reinstatement was refused?
  • Is there a limit to the amount of occasions my practice can apply to get back on the RBS - Virgin One conveyancing panel?
  • Please can you set out the application process to be reinstated onto the RBS - Virgin One conveyancing panel?
  • What times frames are involved when applying to revert back onto the RBS - Virgin One conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking RBS - Virgin One panel reinstatement is to ensure that your firm is not removed off of the RBS - Virgin One 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 - Virgin One conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to RBS - Virgin One 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 - Virgin One conveyancing panel.

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