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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 Conveyancing Panel Recently Asked Questions
Can you please explain the reason why all property lawyers are not on the Royal Bank of Scotland Solicitor panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
can you help? My lawyer is informing me me that he has to apply for a Local Authority search as the firm are on the Royal Bank of Scotland conveyancing panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Royal Bank of Scotland your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Royal Bank of Scotland’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Royal Bank of Scotland. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I have been looking for conveyancing quotes online. Can I be sure that all the practices that are identified on your website are on the Royal Bank of Scotland conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the Royal Bank of Scotland panel and agreed to advise us to take down their listing in the event of removal off of the Royal Bank of Scotland panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Royal Bank of Scotland conveyancing panel is incorrect.
We're in Birmingham, First timers buying with a mortgage (lender is Royal Bank of Scotland , but our lawyer is on the Royal Bank of Scotland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Royal Bank of Scotland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I'm in the process of looking at houses and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a mortgage with Royal Bank of Scotland
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Royal Bank of Scotland , make sure you remember to check that your lawyer is on the Royal Bank of Scotland conveyancing panel.
Can I register a complaint to Royal Bank of Scotland about the lawyers being on the Royal Bank of Scotland conveyancing panel?
Complaining to Royal Bank of Scotland about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called Royal Bank of Scotland on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Royal Bank of Scotland 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 Royal Bank of Scotland. Unless your lawyer obtains specific confirmation in writing that Royal Bank of Scotland 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 Royal Bank of Scotland to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
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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