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Ready to buy a new home? Failing to check that a lawyer is on the RBS 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 Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc Conveyancing Panel?Find an Approved Solicitor on the The Royal Bank of Scotland plc Conveyancing Panel
Royal Bank of Scotland Solicitor Panel Example Support Desk Enquires
On what basis would a law firm be excluded from the Royal Bank of Scotland approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
- lack 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 Royal Bank of Scotland
I am purchasing a brand new flat and my solicitor is telling me that she has to reveal incentives from the builder as her practice is on the Royal Bank of Scotland conveyancing panel. The Estate Agents are hassling me to exchange and I have no desire to delay the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Royal Bank of Scotland panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Royal Bank of Scotland approved panel is to comply with the CML Handbook requirements (last updated for this lender on Royal Bank of Scotland). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a house and need a conveyancing solicitor in Newcastle who is on the Royal Bank of Scotland approved. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Royal Bank of Scotland . We don’t recommend any particular firm.
My lawyers in Liverpool have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Royal Bank of Scotland. Is it case that being on the Royal Bank of Scotland conveyancing panel they need to have retained the file for a prescribed period?
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 Royal Bank of Scotland Conveyancing Panel Terms. It might be worth you contacting Royal Bank of Scotland directly.
Is it the case that all conveyancing solicitors on the Royal Bank of Scotland conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Royal Bank of Scotland conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I previously instructed online conveyancers located in Cardiff who are on the Royal Bank of Scotland solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the Royal Bank of Scotland mortgage. Is this a supplemental conveyancing fee set by Royal Bank of Scotland?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Royal Bank of Scotland but by your lawyers. Some firms on the Royal Bank of Scotland will charge an ‘acting for lender’ fee and others do not.
My brother and I have agreed a price on a apartment I spoke to a solicitor recommended by my uncle and he suggested using a law firm approved by Royal Bank of Scotland. The estate agent recommended two local firms so I asked Royal Bank of Scotland if the 2 suggested solicitors are approved, which they are not. Royal Bank of Scotland pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Royal Bank of Scotland 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Royal Bank of Scotland to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Royal Bank of Scotland conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Royal Bank of Scotland conveyancing panel as it may only take about 2-3 weeks. As long as they meet Royal Bank of Scotland’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
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Transfer of Equity for Royal Bank of ScotlandPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors