Find an Approved Solicitor on the The Royal Bank of Scotland plc One Account
Common questions asked concerning the RBS (One Account) Solicitor Panel
My lawyer is not on the RBS (One Account) Solicitor Panel. Can I still use my family solicitor notwithstanding that they are excluded from the RBS (One Account) panel of approved conveyancing solicitors?
You have a number of options available to you here:
- Carry on with your existing lawyers but RBS (One Account) will need to instruct a lawyer on the RBS (One Account) conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the RBS (One Account) conveyancing panel.
- Convince your lawyer to do everything within their powers to join the RBS (One Account) conveyancing panel
My grandson is in the process of securing a new build apartment with a home loan from RBS (One Account). His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the RBS (One Account) conveyancing panel as a standard part of the process, and to the surveyor when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the RBS (One Account) conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I see that you have a post code search directory identifying firms on the RBS (One Account) conveyancing panel. Do firms pay you a referral fee if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the RBS (One Account) conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
Please explain the implications if my solicitor is expelled from the RBS (One Account) Conveyancing panel before completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Are all Conveyancing Quality Solicitors on the RBS (One Account) conveyancing panel?
Some major banks and building societies 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 join their panels.
We expect to receive a DIP from RBS (One Account) this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the RBS (One Account) recommend a solicitor on the RBS (One Account) conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the RBS (One Account) conveyancing panel. The solicitor represents both you and the RBS (One Account) through the process.
Sometime soon me and my wife are taking a long lease of a terraced house in Hendon. Conveyancing solicitors in Hendon are about to begiven the go-ahead. My agentrecommended that we make sure that the property lawyer in Hendon is on the RBS (One Account) list of approved conveyancing firms. Surely I don't need to do this, do I?
Not all Hendon conveyancing practices are on the RBS (One Account) conveyancing panel. Click here to search for a Hendon conveyancing solicitor
on the on the RBS (One Account) panel.