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approved by RBS - Virgin One
Ready to buy a new home? Failing to check that a lawyer is on the RBS - Virgin One list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the The Royal Bank of Scotland plc Virgin One Conveyancing Panel
RBS - Virgin One Solicitor Panel Recently Asked Questions
I am hoping to receive a offer of a mortgage from RBS - Virgin One. I intend to employ the services of a Licensed Conveyancer. Does the RBS - Virgin One Conveyancing panel include Licensed Conveyancers
RBS - Virgin One’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our lawyer has identified a problem with the lease for the flat we are buying. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the RBS - Virgin One conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or RBS - Virgin One?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and RBS - Virgin One are the client. A precondition to being on the RBS - Virgin One approved panel is to comply with the CML Handbook requirements (last updated for this lender on RBS - Virgin One). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that RBS - Virgin One can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Your search tool is useful but there are many lawyers listed near Manchester on the RBS - Virgin One conveyancing panel. Can you recommend a specific firm on the conveyancing panel for RBS - Virgin One ?
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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
The solicitors that I recently instructed on my purchase in Manchester has without warning closed. They were on acting for me because I needed a solicitor on the RBS - Virgin One conveyancing panel and my previous lawyer was not. I gave them a cheque for £150 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS - Virgin One conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
The for formalities of my remortgage has taken place with a loan from RBS - Virgin One. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about RBS - Virgin One. How does one go about formally complaining?
Most lenders have complaints procedures. Your first port of call should be one of the RBS - Virgin One branches or the Customer Services Department at RBS - Virgin One head office. In most cases complaints to RBS - Virgin One are sorted out very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.
RBS - Virgin One have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up RBS - Virgin One or your broker and complete any relevant paperwork. RBS - Virgin One will tell you what documents they want. RBS - Virgin One will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. RBS - Virgin One will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
My brother and I are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon need to beappointed. My brokerrecommended that we double-check that the conveyancing practitioner in Hendon is on the RBS - Virgin One panel. Is this really necessary?
A limited percentage of Hendon conveyancing firms are on the RBS - Virgin One conveyancing panel. 8 people a month use our search tool to find a Hendon conveyancing firm on the on the RBS - Virgin One approved list of lawyers.