Royal Bank of Scotland Conveyancing Panel Information

The CML is an association rather than a regulator and therefore cannot investigate complaints against lenders. You can of course contact Lexsure to see if we can assist.

There are various requirements are to followed if you wish to comply with your lender client’s instructions as set out in the UK Finance Lenders’ Handbook. (a) You must take reasonable steps to verify that there are no discrepancies between the description of the property as valued and the title and other documents which a reasonably competent conveyancer should obtain, and, if there are, you must tell Royal Bank of Scotland immediately. Second, You should take reasonable steps to verify that the assumptions stated by the valuer about the title (for example, its tenure, easements, boundaries and restrictions on its use) in the valuation and as stated in Royal Bank of Scotland’s mortgage offer are correct. If they are not, please let Royal Bank of Scotland know as soon as possible as it will be necessary for Royal Bank of Scotland to check with the valuer whether the valuation needs to be revised. Royal Bank of Scotland conveyancing panel solicitors are not expected to assume the role of valuer. Royal Bank of Scotland are simply trying to ensure that the valuer has valued the property based on correct information. (III) Royal Bank of Scotland recommend that you should advise the borrower that there may be defects in the property which are not revealed by the inspection carried out by their valuer and there may be omissions or inaccuracies in the report which do not matter to them as a lender but which would matter to the borrower. Royal Bank of Scotland recommend that, if we send a copy of a valuation report that Royal Bank of Scotland have obtained, you should also advise the borrower that the borrower should not rely on the report in deciding whether to proceed with the purchase and that he obtains his own more detailed report on the condition and value of the property, based on a fuller inspection such as a homebuyers report or structural survey. If you do not receive a copy of the valuation you can always ask for a copy of one from Royal Bank of Scotland or the borrower. You still need to comply with the UK Finance Lenders’ Handbook Requirement relating to valuation reports even if you don't receive one directly. Failure to comply not only runs the risk of facing a claim by the lender but also being removed from the Royal Bank of Scotland conveyancing panel

7 borrowers attempt to locate a solicitor on the Royal Bank of Scotland panel each month in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.

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 Lenders now use the Conveyancing Quality Scheme accreditation as the starting point for Panel acceptance such as Santander.

You would be advised to contact Royal Bank of Scotland to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual question for lenders to enumerate who to contact to obtain standard documents. Royal Bank of Scotland in their Part 2’s state: You will need to disclose the firm’s Royal Bank of Scotland conveyancing panel reference.