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approved by RBS (One Account)
Ready to buy a new home? Failing to check that a lawyer is on the RBS (One Account) 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 One Account Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc One Account Conveyancing Panel?Find an Approved Solicitor on the The Royal Bank of Scotland plc One Account Conveyancing Panel
RBS (One Account) Solicitor Panel Recently Asked Questions
My financial adviser has has requested my solicitor’s panel member for the RBS (One Account) conveyancing panel. How do I discover this. I have called my local RBS (One Account) office but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for RBS (One Account).
can you help? My conveyancer is assuring me that he is legally obliged to conduct a Local Authority search stemming from the fact that the firm are on the RBS (One Account) approved lawyer panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with RBS (One Account) 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 (One Account)’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated RBS (One Account). even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do lenders provide you with an approved list of solicitors? How do you know who is on the RBS (One Account) conveyancing panel?
The firms themselves provide us confirmation that they are on the RBS (One Account) conveyancing panel as opposed to being supplied with a list from RBS (One Account) directly.
I am selling my house. Does my solicitor have to be on the RBS (One Account) conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS (One Account) conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We are getting a further advance on our mortgage from RBS (One Account) as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the RBS (One Account) conveyancing panel to deal with the legals?
RBS (One Account) would not normally appoint a member of their conveyancing panel 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 (One Account) list
Last month we had a mortgage agreed in principle with RBS (One Account). Solicitors have been chosen? How long does it take for RBS (One Account) to send the offer to our conveyancer
There is no definitive answer here. Have RBS (One Account) done the survey? Have you advised RBS (One Account) as your lawyers details and checked that your lawyer is on the RBS (One Account) conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My existing mortgage is with RBS (One Account). My godfather retired last week and wants to pay off the mortgage left on the property. After RBS (One Account) 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 (One Account) conveyancing panel? I do not intend to live at the property once the RBS (One Account) mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the RBS (One Account) 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.
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Transfer of Equity for RBS (One Account)Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors