Removal from the RBS - Virgin One and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the RBS - Virgin One conveyancing panel
- Significant non-compliance with post completion requirements set by RBS - Virgin One
- 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 adopt.
- Failure to reapply to remain on the RBS - Virgin One convincing panel
- RBS - Virgin One may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Top questions concerning RBS - Virgin One panel reinstatement
- Can we appeal if my firm’s application for reinstatement was rejected?
- Is it the practice manager who is required to complete the reinstatement application to the RBS - Virgin One panel ?
- How long does the application process take when applying to be reinstated onto the RBS - Virgin One conveyancing panel?
- What are the next steps open to me if our RBS - Virgin One panel reinstatement application is rejected and our client has a mortgage application with the RBS - Virgin One?
- How often will this firm be required to re-apply to be reinstated on 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.