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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Significant non-compliance with post completion requirements set by RBS - Virgin One
- Your practice no longer meets the criteria to remain on the RBS - Virgin One conveyancing panel
- 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.
- Breaches of RBS - Virgin One conveyancing panel requirements
FAQs : RBS - Virgin One Conveyancing panel reinstatement
- Are you able to explain why my firm’s application for reinstatement was rejected?
- Is it the practice manager who is required to sign the reinstatement application to the RBS - Virgin One panel ?
- What is the application process to be reinstated onto the RBS - Virgin One conveyancing panel?
- What are the consequences if our RBS - Virgin One panel reinstatement application is refused and the client of the firm has a mortgage offer with the RBS - Virgin One?
- How long does the application process take when applying 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.