Find an Approved Solicitor on the The Royal Bank of Scotland plc First Active
Common questions asked concerning the RBS- First Active Solicitor Panel
A conveyancer my husband and I had intended to instruct on a purchase said he will levy higher legal fees if my mortgage is with RBS- First Active because of their difficult processes! Am I likely to be frustrated using RBS- First Active? Is RBS- First Active conveyancing so much more difficult?
RBS- First Active conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the RBS- First Active conveyancing panel. If they are not, this does add further risk of delay as RBS- First Active will appoint their own solicitors to look after their interest.
My wife and I changing mortgage lender for our flat with RBS- First Active. We have a son 19 who lives with us. The solicitor on the RBS- First Active conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this form unique to the RBS- First Active conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to RBS- First Active .This is solely used to protect the RBS- First Active if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of RBS- First Active had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am planning to acquire a flat and need a conveyancing solicitor in London who is on the RBS- First Active conveyancing. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS- First Active . We don’t recommend any particular firm.
My lawyers 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- 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?
Different lenders have different requirements 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.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the RBS- First Active conveyancing panel?
Some major lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with RBS- First Active. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with RBS- First Active you will need to appoint a solicitor on the RBS- First Active conveyancing panel.
I was told four weeks ago that my mortgage has been agreed
to by RBS- First Active. Is it usual for RBS- First Active to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for RBS- First Active to deal with your lawyers application to be on the RBS- First Active conveyancing panel. There's no guarantee that your solicitors will be accepted.