Find an Approved Solicitor on the The Royal Bank of Scotland plc Virgin One
RBS - Virgin One Solicitor Panel Recently Asked Questions
I am hoping to receive a offer of a mortgage from RBS - Virgin One. my intention is to retain the legal services of a Licensed Conveyancer. Does the RBS - Virgin One Conveyancing panel exclude conveyancers regulated by the CLC
RBS - Virgin One’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am purchasing a newly built flat and my conveyancer is advising me that she has to reveal incentives from the seller as her firm is on the RBS - Virgin One conveyancing panel. I am under pressure to exchange contracts and I have no desire to delay deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the RBS - Virgin One approved panel is to comply with the CML Handbook requirements (last updated for this lender on RBS - Virgin One). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your search tool for the RBS - Virgin One conveyancing panel? Do RBS - Virgin One send you an updated list?
The firms themselves provide us confirmation that they are on the RBS - Virgin One conveyancing panel as opposed to being supplied with a list from RBS - Virgin One directly.
I am considering applying for a RBS - Virgin One mortgage for purchase of a new build (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for RBS - Virgin One?
There is nothing to stop you using your solicitor but RBS - Virgin One will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Do conveyancing solicitors on the RBS - Virgin One conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
How can we tell if a solicitor on the RBS - Virgin One panel is any good?
seeking recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer carrying out your transaction
We are are remortgaging a garden flat in Hendon. Conveyancing solicitors in Hendon will soon beretained. My agentadvised that we double-check that the conveyancing practitioner in Hendon is on the RBS - Virgin One list of approved conveyancing firms. Is this right?
It is not that case that all Hendon conveyancing firms are on the RBS - Virgin One conveyancing panel. Use the above search tool to find a Hendon conveyancing firm
on the on the RBS - Virgin One approved list of lawyers.
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