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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.
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How does my firm apply to be on the The Royal Bank of Scotland plc Virgin One Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc Virgin One Conveyancing Panel?Find an Approved Solicitor on the The Royal Bank of Scotland plc Virgin One Conveyancing Panel
RBS - Virgin One Conveyancing Panel Example Support Desk Enquires
Is the fact that my conveyancer is not on the RBS - Virgin One Conveyancing panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for RBS - Virgin One.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company RBS - Virgin One will not agree to this. Why was RBS - Virgin One even consulted?
Your lawyer being on the RBS - Virgin One conveyancing panel is duty bound to inform RBS - Virgin One of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to RBS - Virgin One then they would have to discontinue acting for you and RBS - Virgin One.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the RBS - Virgin One solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My uncle passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to RBS - Virgin One , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then RBS - Virgin One will insist on your using a conveyancer on the RBS - Virgin One conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS - Virgin One conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS - Virgin One mortgage is registered as a charge at the Land Registry.
My wife and I have arranged a further advance on our mortgage from RBS - Virgin One as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the RBS - Virgin One conveyancing panel to deal with the paperwork?
RBS - Virgin One would not normally instruct firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the RBS - Virgin One list
My fiance and I are in the throws of looking at apartments and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with RBS - Virgin One
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 EA. As you are getting a mortgage with RBS - Virgin One , make sure you remember to check that your lawyer is on the RBS - Virgin One conveyancing panel.
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 RBS - Virgin One on numerous occasions and was told they are content with the situation 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. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 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.
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Transfer of Equity for RBS - Virgin OnePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors