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approved by RBS - Direct Line
Ready to buy a new home? Failing to check that a lawyer is on the RBS - Direct Line list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the The Royal Bank of Scotland plc Direct Line Mortgages Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc Direct Line Mortgages Conveyancing Panel?Find an Approved Solicitor on the The Royal Bank of Scotland plc Direct Line Mortgages Conveyancing Panel
FAQs for the RBS - Direct Line Solicitor Panel
I am progressing with the sale of my apartment and the estate agent has just e-mailed to say that the purchasers are swapping solicitor. The excuse is that RBS - Direct Line will only work with property lawyers on their conveyancing panel. On what basis would a leading lender only engage with certain solicitors?
Banks have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Banks blame a rise in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
Much to my surprise my solicitor has requested from me ID documents saying that this forms part of his requirements as a solicitor on the RBS - Direct Line Solicitor panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with RBS - Direct Line your lawyer also has to check ID documents to satisfy RBS - Direct Line
Whilst your website is a good idea there are many lawyers listed near Manchester on the RBS - Direct Line conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for RBS - Direct Line ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My conveyancers in Birmingham have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with RBS - Direct Line. Is it case that being on the RBS - Direct Line conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the RBS - Direct Line Conveyancing Panel Terms. It might be worth you contacting RBS - Direct Line directly.
When it comes to mortgage companies such as RBS - Direct Line do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I currently have a mortgage with with RBS - Direct Line. Conveyancing has been completed months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS - Direct Line?
You must advise RBS - Direct Line prior to renting your property as this is likely to be a breach of RBS - Direct Line’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS - Direct Line directly. It should not be necessary to do this via a RBS - Direct Line conveyancing panel firm.
My brother and I are remortgaging a penthouse in Hendon. Conveyancing solicitors in Hendon are preferred to begiven the go-ahead. My colleaguesuggested that we enquire that the conveyancer in Hendon is on the RBS - Direct Line solicitors panel. Aren't all lawyers on the RBS - Direct Line panel?
A limited percentage of Hendon conveyancing solicitors are on the RBS - Direct Line conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing lawyer on the on the RBS - Direct Line approved list of lawyers.
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