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

  • 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.
  • Breaches of RBS - Virgin One conveyancing panel requirements
  • 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.
  • Significant non-compliance with post completion requirements set by RBS - Virgin One

RBS - Virgin One panel reinstatement: Five Common Questions

  • Can we act for RBS - Virgin One while the application for reinstatement on the RBS - Virgin One panel is being assessed? How do I discover if our reinstatement application to the RBS - Virgin One panel is accepted?
  • What are the next steps open to me if our RBS - Virgin One panel reinstatement application is declined and our client has a mortgage offer with the RBS - Virgin One?
  • How do I discover why our application for reinstatement is refused?
  • Do any avenues remain open if my firm’s reinstatement panel application with RBS - Virgin One is refused?
  • 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.

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