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 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 adopt.
- Failure to reapply to be on the RBS - Virgin One convincing panel
- Recurring delays in post completion requirements set by RBS - Virgin One
- 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.
- 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.
FAQs : RBS - Virgin One Conveyancing panel reinstatement
- Is it the practice manager who is required to sign the reinstatement application to the RBS - Virgin One panel ?
- Do any avenues remain open if my firm’s reinstatement panel application with RBS - Virgin One is refused?
- What times frames are involved when applying to revert back onto the RBS - Virgin One conveyancing panel?
- What happens if our RBS - Virgin One panel reinstatement application is refused and the client of the firm has a mortgage application with the RBS - Virgin One?
- Can this firm act for RBS - Virgin One while the application for reinstatement on the RBS - Virgin One panel is being progressed? How do I know if our reinstatement appeal to the RBS - Virgin One panel is approved?
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.