Frequently asked questions relating to the Royal Bank of Scotland Solicitor Panel
from members of the public
I have just been informed by my mortgage adviser that my the law firm I have appointed is not on the Royal Bank of Scotland Solicitor panel. How can I check?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved Royal Bank of Scotland solicitor panel.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Royal Bank of Scotland will not agree to this. Why was Royal Bank of Scotland even consulted?
Your lawyer being on the Royal Bank of Scotland conveyancing panel is duty bound to inform Royal Bank of Scotland of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Royal Bank of Scotland then they would have to discontinue acting for you and Royal Bank of Scotland.
I require the services of a Royal Bank of Scotland panel solicitor in Stirling. Can you assist?
It is not clear why you need a Royal Bank of Scotland panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Royal Bank of Scotland to find out which solicitors in Royal Bank of Scotland are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
What happens if my lawyer’s firm is expelled from the Royal Bank of Scotland Conveyancing panel in advance of completion?
The first thing to point out is that, this is very unlikely to happen. 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 for a fee.
My wife and I have arranged a further advance on our mortgage from Royal Bank of Scotland as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Royal Bank of Scotland conveyancing panel to deal with the paperwork?
Royal Bank of Scotland would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Royal Bank of Scotland list
We have a mortgage agreed in principle with Royal Bank of Scotland. Solicitors have been appointed? How long does it take for Royal Bank of Scotland to send the offer to our conveyancer
Some lenders take longer than others. Have Royal Bank of Scotland done the survey? Have you advised Royal Bank of Scotland as your lawyers details and checked that your lawyer is on the Royal Bank of Scotland conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Royal Bank of Scotland?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Royal Bank of Scotland conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Royal Bank of Scotland and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.