Removal from the RBS - Virgin One and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the RBS - Virgin One convincing panel
- Breaches of RBS - Virgin One conveyancing panel requirements
- Failure to act in accordance 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 practice no longer meets the criteria to remain on the RBS - Virgin One conveyancing panel
- Significant delays in registering a charge 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 panel reinstatement: Five Common Questions
- Please can you set out the application protocol to revert back onto the RBS - Virgin One conveyancing panel?
- What happens if our RBS - Virgin One panel reinstatement application is rejected and the client of the firm has a mortgage application with the RBS - Virgin One?
- Can we appeal if my firm’s application for reinstatement was declined?
- Is it the practice manager who is required to sign the reinstatement application to the RBS - Virgin One panel ?
- Am I restricted as to the number of times my practice can apply to get back 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 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.