Removal from the RBS - Virgin One and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Your firm fails to meet the criteria to remain on the RBS - Virgin One conveyancing 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.
- Persistent non-compliance with 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which RBS - Virgin One may subsequently subscribe.
RBS - Virgin One panel reinstatement: Five Common Questions
- What times frames are involved when applying to revert back onto the RBS - Virgin One conveyancing panel?
- Is there a fee to be reinstated onto the RBS - Virgin One conveyancing panel?
- What is the application process to revert back onto the RBS - Virgin One conveyancing panel?
- How often will this firm be required to re-apply to remain on the RBS - Virgin One conveyancing panel?
- Is there a limit to the number of occasions my practice can 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.