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approved by RBS (One Account)
Ready to buy a new home? Failing to check that a lawyer is on the RBS (One Account) list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the The Royal Bank of Scotland plc One Account Conveyancing Panel? How does my firm apply to be on the The Royal Bank of Scotland plc One Account Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc One Account Conveyancing Panel?
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RBS (One Account) Conveyancing Panel : Questions and Answers
I am obtaining a offer of a mortgage from RBS (One Account). I intend to use a Licensed Conveyancer. Does the RBS (One Account) Solicitor panel allow for conveyancers regulated by the CLC
RBS (One Account)’s conveyancing panel is, like many other lenders associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My lawyer has identified an inconsistency between the information in RBS (One Account)’s home valuation report and what is revealed within the title deeds. My solicitor has advised that as he is on the RBS (One Account) conveyancing panel he must check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s approach appropriate?
A precondition to being on the RBS (One Account) approved panel is to comply with the CML Handbook requirements (last updated for this lender on RBS (One Account)) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
How up to date is your database of lawyers on the RBS (One Account) conveyancing panel? Do RBS (One Account) send you an updated list?
The firms themselves provide us confirmation that they are on the RBS (One Account) conveyancing panel as opposed to being supplied with a list from RBS (One Account) directly.
My house is up for sale and I have a buyer. Does my solicitor have to be on the RBS (One Account) conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS (One Account) conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am currently in the process of buying my council flat. I have a mortgage offer with RBS (One Account). Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 (One Account) you will need to appoint a solicitor on the RBS (One Account) conveyancing panel.
I am selling my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, RBS (One Account) are being problematic. The solicitor who is on the RBS (One Account) conveyancing panel is recommending indemnity insurance as a solution but RBS (One Account) are insisting on a building regulation certificate. Why do RBS (One Account) have a conveyancing panel of they don’t accept advice from them?
It is probably the case that RBS (One Account) have referred the matter to their valuer. The reason why RBS (One Account) may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
RBS (One Account) 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 (One Account) or your broker and complete any relevant paperwork. RBS (One Account) will tell you what documents they want. RBS (One Account) 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 (One Account) 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.