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Ready to buy a new home? Failing to check that a lawyer is on the RBS 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 Conveyancing Panel? How can my firm be reinstated onto the The Royal Bank of Scotland plc Conveyancing Panel?Find an Approved Solicitor on the The Royal Bank of Scotland plc Conveyancing Panel
FAQs : The Royal Bank of Scotland Solicitor Panel
I have just been informed by my financial adviser that my property lawyer is not on the Royal Bank of Scotland Conveyancing panel. What can I do to be certain that this is indeed the case?
The best course of action for you to take is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Royal Bank of Scotland solicitor panel.
We are getting closer to an exchange and my parents having sent 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 Royal Bank of Scotland. Apparently, being on the Royal Bank of Scotland conveyancing panel and acting on their behalf he must inform Royal Bank of Scotland if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Royal Bank of Scotland 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 Royal Bank of Scotland if you agree, failing which, your lawyer must cease to continue acting.
Your search tool is useful but there are many lawyers listed near Leeds on the Royal Bank of Scotland conveyancing panel. Can you recommend a specific firm on the Royal Bank of Scotland approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
The solicitors that just started acting on my purchase in Brighton has without warning shut down. I only went with them because I had to have a firm on the Royal Bank of Scotland conveyancing panel and my family lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Royal Bank of Scotland conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Royal Bank of Scotland conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
Can you point me to a directory of Royal Bank of Scotland panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I previously instructed online conveyancers located in Manchester who are on the Royal Bank of Scotland solicitor panel. They have just invoiced me a separate fee of £195 for dealing with the Royal Bank of Scotland mortgage. Is this an additional conveyancing fee set by Royal Bank of Scotland?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Royal Bank of Scotland but by your lawyers. Some firms on the Royal Bank of Scotland will charge an ‘acting for lender’ fee and others do not.
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