RBS - Direct Line One Conveyancing Panel Information

This not something that the CML would traditionally get involved with although they do arrange numerous general legal related conferences which are attended by firms on the RBS - Direct Line One conveyancing panel. It is our intention to run specific lender focused seminars in the near future including a webinar on RBS - Direct Line One’s Part 2 obligations. Practitioners on the RBS - Direct Line One conveyancing panel will be invited. Further details will be made available as part of the LENDERmonitor Alerts.

The Council of Mortgage Lenders, together with RBS - Direct Line One and other stakeholders developed a standard set of instructions where a solicitor is acting for a lender such as RBS - Direct Line One alone in a residential conveyancing matter. These requirements are contained at Part Three of the UK Finance Lenders’ Handbook and are to be read in conjunction with Part I and II. The CML have published an example requirements letter to the borrower’s lawyer for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.

The requirements to join the RBS - Direct Line One conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

In the same way that there is a unique RBS - Direct Line One conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

You should supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not adversely impact your firm’s application but gives the Law Society viability as to what has occured.

You would be advised to contact RBS - Direct Line One to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific inquiry for banks to set out who to contact to obtain standard documents. RBS - Direct Line One in their Part 2’s state: Don’t forget to quote the firm’s RBS - Direct Line One conveyancing panel reference.