Find a Law Firm
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.
Looking for information about your firm's panel status?
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
Q and A’s regarding the RBS - Virgin One Solicitor Panel
I am getting a mortgage with RBS - Virgin One. my intention is to enlist the help of a Licensed Conveyancer. Does the RBS - Virgin One Solicitor panel include conveyancers regulated by the CLC
RBS - Virgin One’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We are only a couple days away from an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender RBS - Virgin One. Apparently, being on the RBS - Virgin One conveyancing panel and acting on their behalf he must inform RBS - Virgin One if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with RBS - Virgin One to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to RBS - Virgin One if you agree, failing which, your lawyer must cease to continue acting.
Is it necessary during the course of the conveyancing process to attend the offices of the RBS - Virgin One conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Leeds
so that I can attend their offices when needed.
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.
I was scheduled to complete on my flat last Friday. My lawyer’s firm is on the RBS - Virgin One solicitors panel but has changed address in the past couple of months and had not advised RBS - Virgin One of their new address. RBS - Virgin One has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local RBS - Virgin One branch or your mortgage broker to see if they can help.
When it comes to mortgage companies such as RBS - Virgin One do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Can I be sure that the solicitor on the RBS - Virgin One panel is any good?
Getting 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 advise that you speak with the lawyer carrying out your conveyancing
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, RBS - Virgin One are being pedantic. The solicitor who is on the RBS - Virgin One conveyancing panel is happy to accept ‘lack of building regulation’ insurance but RBS - Virgin One are insisting on a building regulation certificate. Why do RBS - Virgin One have a conveyancing panel of they don’t accept advice from them?
It is probably the case that RBS - Virgin One have referred the matter to their valuer. The reason why RBS - Virgin One may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
Other Topics
Transfer of Equity for RBS - Virgin OnePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors