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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?Find an Approved Solicitor on the The Royal Bank of Scotland plc Virgin One Conveyancing Panel
RBS - Virgin One Solicitor Panel Example Support Desk Enquires
For what reasons would a firm of solicitors be removed from the RBS - Virgin One approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by 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 conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I would like to get my ex-wife removed the mortgage deeds. Can RBS - Virgin One really tell me which solicitor I can or can not retain?
You can use any solicitor you like but RBS - Virgin One then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the RBS - Virgin One solicitors panel
We are getting a further advance on our mortgage from RBS - Virgin One as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the RBS - Virgin One conveyancing panel to deal with the legals?
RBS - Virgin One do not ordinarily 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 - Virgin One list
RBS - Virgin One have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up RBS - Virgin One or your broker and complete any relevant paperwork. RBS - Virgin One will tell you what documents they want. RBS - Virgin One will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. RBS - Virgin One will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
Sometime soon me and my wife are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My brokeradvised that we check that the conveyancer in Hendon is on the RBS - Virgin One list of approved conveyancing firms. Is this really necessary?
It is not that case that all Hendon conveyancing practices are on the RBS - Virgin One conveyancing panel. 5 people a month use our search tool to search for a Hendon conveyancing lawyer on the on the RBS - Virgin One list of approved conveyancing firms.
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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