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.
  • RBS - Virgin One may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Your practice no longer meets the criteria to remain on the RBS - Virgin One conveyancing panel
  • Recurring delays in post completion requirements set by RBS - Virgin One
  • 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.

Frequently asked questions concerning RBS - Virgin One panel reinstatement

  • Is there a cost to revert back onto the RBS - Virgin One conveyancing panel?
  • Please can you set out the application procedures to revert back onto the RBS - Virgin One conveyancing panel?
  • Does my practice need to apply annually to remain on the RBS - Virgin One conveyancing panel?
  • Can we act for RBS - Virgin One while the application for reinstatement on the RBS - Virgin One panel is being reviewed? How do I discover if our reinstatement application to the RBS - Virgin One panel is accepted?
  • What are our options if my firm’s reinstatement panel submission with RBS - Virgin One is turned down?

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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