Royal Bank of Scotland Conveyancing Panel Information

UK Finance Designator: The Royal Bank of Scotland plc
Jurisdiction: England and Wales

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Royal Bank of Scotland and to assist in remaining on the Royal Bank of Scotland Conveyancing Panel.

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Royal Bank of Scotland Conveyancing Panel: Recently Asked Questions

Can my practice make a complaint to the Council of Mortgage Lenders about being suspended from the Royal Bank of Scotland conveyancing panel?
The Council of Mortgage Lenders is not a regulator and therefore cannot investigate complaints against lenders. You can of course contact Lexsure to see if we can help.

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Why are Estate Agents using search tools to check if lawyers are on a lenders conveyancing panel?
The fact of the matter is that estate agents are suffering if their clients start out on the buying process having appointed a conveyancer who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors .
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the Royal Bank of Scotland conveyancing panel ?
There are many reports available, five of which are as follows:
  • Analysis as to the nature of clients (e.g.existing/new/seen in person)
  • Buy to Let transactions
  • Average time frame to send deeds to the lender (calculated from completion date or title registration)
  • Current and historic missed priority dates
  • Average time frame to register charges at the Land Registry
The firm that I work for is on the Royal Bank of Scotland conveyancing panel. I am dealing with Royal Bank of Scotland mortgage on a purchase. My borrower client is asking not to disclose an issue to Royal Bank of Scotland. What do I do in this conflict situation?
When a solicitor is acting for both Royal Bank of Scotland and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Royal Bank of Scotland and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Royal Bank of Scotland the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Royal Bank of Scotland conveyancing panel status.
Will Conveyancing Quality Scheme accreditation guarantee my firm’s acceptance on to lenders conveyancing panels?
CQS membership is no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their panels. A number of Lenders now use CQS as the starting point for Panel approval as is the case with HSBC.
I am on the Royal Bank of Scotland conveyancing panel and scheduled to complete a remortgage shortly. I dont have a Mortgage Deed for the client to execute. Who do I contact at Royal Bank of Scotland to get a duplicate Deed?
You would be advised to get in touch with Royal Bank of Scotland to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express inquiry for banks to cite who to contact to obtain standard documents. You will need to quote the firm’s Royal Bank of Scotland conveyancing panel reference.
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.
YearDays*
2013 22.9
2012 26.3
* Data aggregated from sources including COMPLETIONmonitor

Recent Changes Include

# Date Assoc. Changes Related To
16.5.3d 15/11/2018 CML
17.1.1 15/11/2018 CML
17.2.1a 15/11/2018 CML
4.5a 15/11/2018 CML
5.14.9 20/09/2018 CML
5.4.4 20/09/2018 CML
14.1.5 21/03/2018 CML
4.5b 02/03/2018 CML
14.1.5 02/03/2018 CML
16.5.2 28/12/2017 CML

Last update 24/10/2019

Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors

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