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

  • Non-compliance with the RBS - Virgin One panel requirements, the written instructions that RBS - Virgin One provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS - Virgin One may subsequently subscribe.
  • Your law firm no longer meets the criteria to remain on the RBS - Virgin One conveyancing panel
  • Breaches of RBS - Virgin One conveyancing panel Terms and Conditions
  • Recurring non-compliance with post completion requirements on behalf of RBS - Virgin One
  • Failure to reapply to remain on the RBS - Virgin One convincing panel

Top questions concerning RBS - Virgin One panel reinstatement

  • Is there a limit to the number of occasions my practice can apply to be reinstated on the RBS - Virgin One conveyancing panel?
  • How long does the application process take when applying to revert back onto the RBS - Virgin One conveyancing panel?
  • Please can you set out the application procedures to revert back onto the RBS - Virgin One conveyancing panel?
  • Does my practice need to apply annually to remain on the RBS - Virgin One conveyancing panel?
  • Is there a fee 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 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 - Virgin One conveyancing panel.

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