RBS - Direct Line Conveyancing Panel Recently Asked Questions from members of the public
I appointed a law firm to conduct the legal paperwork on my remortgage 5 weeks ago having applied for a mortgage with RBS - Direct Line. The firm confirmed to me that they are on RBS - Direct Line conveyancing panel and gave me their panel reference. RBS - Direct Line then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the approved panel for RBS - Direct Line?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the RBS - Direct Line conveyancing panel You may wish to enlist the help of your broker to check with the RBS - Direct Line as to how long they think it will take to get the firm to get back on the panel.
Expecting to move into my new home next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for RBS - Direct Line. What does the insurance need to cover?
All property lawyers on the RBS - Direct Line conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in RBS - Direct Line’s Part 2 requirements of the CML Handbook (last updated on RBS - Direct Line). Being on the RBS - Direct Line conveyancing panel your lawyer is expect to follow these requirements.
Your search tool is useful but there are many lawyers listed near Coventry on the RBS - Direct Line conveyancing panel. Can you recommend a specific firm on the RBS - Direct Line approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
Can you clarify what the consequences are if my solicitor is suspended from the RBS - Direct Line Conveyancing panel prior to the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with RBS - Direct Line. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with RBS - Direct Line involved you will need to appoint a solicitor on the RBS - Direct Line conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to RBS - Direct Line. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the RBS - Direct Line conveyancing panel.
I have paid off my mortgage with RBS - Direct Line. I assume I don't need a solicitor on the RBS - Direct Line panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your RBS - Direct Line mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS - Direct Line mortgage from the register. RBS - Direct Line,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the RBS - Direct Line has sent the Land Registry the discharge electronically, and
the RBS - Direct Line has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your RBS - Direct Line mortgage has been paid off.
My ex -wife’s name is on the RBS - Direct Line mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the RBS - Direct Line mortgage in order to sell?
In terms of the RBS - Direct Line mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of RBS - Direct Line in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.