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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.
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?
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I was advised recently by my mortgage broker that my solicitor is not on the RBS - Virgin One Solicitor panel. How can I be sure that this is correct?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for RBS - Virgin One.
Expecting to complete my purchase next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for RBS - Virgin One. What risks do RBS - Virgin One expect the insurance to cover?
Any lawyer on the RBS - Virgin One conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in RBS - Virgin One’s Part 2 requirements of the CML Handbook (last updated on RBS - Virgin One). Being on the RBS - Virgin One conveyancing panel your lawyer is expect to follow these requirements.
How do I find a local solicitor on the RBS - Virgin One conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the solicitor.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the RBS - Virgin One solicitor panel.
I am buying a garden flat and getting a mortgage with RBS - Virgin One. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the RBS - Virgin One conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the RBS - Virgin One conveyancing panel in your location.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. RBS - Virgin One have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is RBS - Virgin One your lawyer must to check the RBS - Virgin One conveyancing instructions contained in the Part of CML Handbook for RBS - Virgin One . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to RBS - Virgin One where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have today made my last payment due on mortgage with RBS - Virgin One. I assume I don't need a solicitor on the RBS - Virgin One panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your RBS - Virgin One mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS - Virgin One mortgage from the register. RBS - Virgin One,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the RBS - Virgin One has sent the Land Registry the discharge electronically, and the RBS - Virgin One has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your RBS - Virgin One mortgage has been paid off.
My existing mortgage is with RBS - Virgin One. My godfather has just retired and wants to pay off the mortgage left on the property. After RBS - Virgin One is paid, I want to transfer the property to my mother's name; How long will it roughly 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.