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approved by RBS- 1st Active
Ready to buy a new home? Failing to check that a lawyer is on the RBS- 1st Active list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?How does my firm apply to be on the The Royal Bank of Scotland plc First Active Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc First Active Conveyancing Panel?
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RBS- First Active Solicitor Panel Example Support Desk Enquires
My lawyer is not on the RBS- First Active Conveyancing Panel. Is it possible for me to use my preferred solicitor even though they are not on the RBS- First Active panel of approved conveyancing solicitors?
You will need to have a conveyancer complete the legal work required when you take out a RBS- First Active mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the RBS- First Active conveyancing panel additional costs will be incurred as separate legal representation will be required by RBS- First Active. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are only a couple days away from an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender RBS- First Active. I am advised that, being on the RBS- First Active conveyancing panel and acting on their behalf he must inform RBS- First Active if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with RBS- First Active to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to RBS- First Active if you agree, failing which, your lawyer must cease to continue acting.
Are the lawyers identified as being on the RBS- First Active conveyancing panel, together with their details provided by RBS- First Active?
The firms themselves provide us confirmation that they are on the RBS- First Active conveyancing panel as opposed to being supplied with a list from RBS- First Active directly.
My solicitors in Leeds have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with RBS- First Active. Is it case that being on the RBS- First Active conveyancing panel they need to have retained the file for a number of years?
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- First Active Conveyancing Panel Terms. It might be worth you contacting RBS- First Active directly.
My wife and I have arranged a further advance on our mortgage from RBS- First Active as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the RBS- First Active conveyancing panel to deal with the legals?
RBS- First Active do not ordinarily instruct a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the RBS- First Active panel
In what circumstances might RBS- First Active amend or withdraw their mortgage offer?
Lenders such as RBS- First Active can revoke their mortgage offer although this rarely happens. In the unlikely event that RBS- First Active withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are 5 examples:
- If the borrower informs RBS- First Active of a change in security address
- Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- Where the Lender’s right to possession is fettered in some way
- If the solicitor on the RBS- First Active conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with RBS- First Active ‘s instructions
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with RBS- First Active?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the RBS- First Active conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with RBS- First Active and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.