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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.
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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?Find an Approved Solicitor on the The Royal Bank of Scotland plc First Active Conveyancing Panel
RBS- First Active Solicitor Panel Recently Asked Questions
On what basis could a law firm be removed from the RBS- First Active approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by RBS- First Active
Expecting to move into my new home next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for RBS- First Active. What risks do RBS- First Active expect the insurance to cover?
All property lawyers on the RBS- First Active conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in RBS- First Active’s Part 2 requirements of the CML Handbook (last updated on RBS- First Active). Being on the RBS- First Active conveyancing panel your lawyer is expect to follow these requirements.
Whilst your website is a good idea there are many lawyers listed near Chelsea on the RBS- First Active conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for RBS- First Active ?
We do not recommend specific firms 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..
I am attempting to get my ex-husband removed the mortgage deeds. Can RBS- First Active really insist on which solicitor I can or can not retain?
You can use any solicitor you like but RBS- First Active then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the RBS- First Active solicitors panel
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned RBS- First Active on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the RBS- First Active conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for RBS- First Active. Unless your lawyer obtains specific confirmation in writing that RBS- First Active will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask RBS- First Active to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
My ex -wife’s name is on the RBS- First Active mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the RBS- First Active mortgage in order to sell?
As regards the RBS- First Active mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of RBS- First Active in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
RBS- First Active 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- First Active or your broker and complete any relevant paperwork. RBS- First Active will tell you what documents they want. RBS- First Active 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- First Active 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.
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Transfer of Equity for RBS- First ActivePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors