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Royal Bank of Scotland Conveyancing Panel: Recently Asked Questions
Do you have any idea what Lenders such as
Royal Bank of Scotland are asking for when it comes to applying to be on their approved solicitor list?
Criteria differ from lender to lender.
We do not hold specific requirements relating to the questions raised as part of the application to be on the
Royal Bank of Scotland conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
List of all Licensed Conveyancers within firm
conveyancer client account(s) details
Whether the firm has ever accepted instructions in respect of property clubs and investment schemes
Charge registration history
Full complaints history for each licensed conveyancer
Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
purchase and remortgage)
Structure of firm and, where applicable, its group
Whether any lender has ever made a claim against the firm’s PII cover
Number of partners per branch of the firm
Who do building societies include on their Conveyancing Panels?
In the same way that there is a unique Royal Bank of Scotland
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.
Do publish figures exists regarding the
Royal Bank of Scotland conveyancing panel size and the number of conveyancing firms dismissed each year?
With mortgage companies and property lawyers working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the
Royal Bank of Scotland conveyancing panel but for all bank panel listings
Were are a Hendon-based firm on the Royal Bank of Scotland conveyancing panel. How can we advertise our firm as conducting conveyancing in Hendon on the Royal Bank of Scotland panel?
15 people attempt to locate a solicitor on the Royal Bank of Scotland panel each month in Hendon. The lenderpanel directory service team who will show you how your firm can be found by those searching for conveyancing in Hendon.
If my application is successful will Conveyancing Quality Scheme acceptance guarantee my firm’s acceptance on to lenders conveyancing panels?
CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of firms. A number of mortgage companies now use CQS as the starting point for Panel membership as is the case with Santander.
My firm is listed on the
Royal Bank of Scotland
conveyancing panel and scheduled to complete a purchase within the next week. I dont have a Mortgage Deed for the client to execute.
Who do I contact at Royal Bank of Scotland to obtain duplicate documents?
You should get in touch with Royal Bank of Scotland
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains a specific question for lenders to set out who to contact to obtain standard documents.
Royal Bank of Scotland in their Part 2’s state:
Please remember to disclose the firm’s Royal Bank of Scotland solicitors panel reference.
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Average number of days to register title including a charge in favour of Royal Bank of Scotland
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Royal Bank of Scotland Firms
- Draft Report on Title precedent for Royal Bank of Scotland borrowers
- Draft Anti Money Laundering PolicyTemplate for Royal Bank of Scotland panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Royal Bank of Scotland lender panel
- Buy-to-Let help for Royal Bank of Scotland
- Consent-to-Let help for Royal Bank of Scotland
- Contractor Mortgages with Royal Bank of Scotland