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approved by RBS - Virgin One

Ready to buy a new home? Failing to check that a lawyer is on the RBS - Virgin One list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the The Royal Bank of Scotland plc Virgin One Conveyancing Panel

Q and A’s regarding the RBS - Virgin One Solicitor Panel

My mortgage broker has says he needs my law firm’s panel member for the RBS - Virgin One conveyancing panel. Can you suggest how I obtain this. I have contacted my local RBS - Virgin One office but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the RBS - Virgin One panel reference.
can you help? My solicitor is informing me me that she is duty-bound to order a Local Authority search as the firm are on the RBS - Virgin One conveyancing panel. Is my lawyer correct?
You have limited options available to you. Given that you are taking out a loan with RBS - Virgin One 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 RBS - Virgin One’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated RBS - Virgin One. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Is it necessary during the course of the conveyancing process to pop into the offices of the RBS - Virgin One conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Leeds so that I can attend their offices if necessary.
Most conveyancing panel lawyers for RBS - Virgin One undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My lawyers in Newcastle have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with RBS - Virgin One. Is it case that being on the RBS - Virgin One conveyancing panel they need to have retained the file for a number of years?
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 RBS - Virgin One Conveyancing Panel Terms. It might be worth you contacting RBS - Virgin One directly.
Is it the case that all conveyancing solicitors on the RBS - Virgin One conveyancing panel overseen by the SRA?
As solicitors, in order to be on the RBS - Virgin One 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).
My existing mortgage is with RBS - Virgin One. My grandfather has just retired and wants to pay off my mortgage. After RBS - Virgin One is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the RBS - Virgin One conveyancing panel? I do not intend to live at the property once the RBS - Virgin One mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the RBS - Virgin One panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
I can not work out if my mortgage offer requires a lease extension . I have called into my local branch RBS - Virgin One on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the RBS - Virgin One 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
As long as the conveyancer is on the RBS - Virgin One panel she or he must comply with the CML Handbook requirements for RBS - Virgin One. Unless your lawyer obtains specific confirmation in writing that RBS - Virgin One 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 RBS - Virgin One to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.