Removal from the RBS - Virgin One and other lender panels: Why they do it and how to get reinstated
- RBS - Virgin One 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.
- Non-compliance with the RBS - Virgin One panel requirements, 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.
- Recurring non-compliance with post completion requirements set by RBS - Virgin One
- Failure to reapply to be on the RBS - Virgin One convincing panel
- Breaches of RBS - Virgin One conveyancing panel requirements
Frequently asked questions concerning RBS - Virgin One panel reinstatement
- Can we appeal if our application for reinstatement was refused?
- Please can you set out the application procedures to revert back onto the RBS - Virgin One conveyancing panel?
- Am I restricted as to the amount of occasions my law firm can apply to get back on the RBS - Virgin One conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the RBS - Virgin One panel ?
- Is there a charge to be reinstated 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.