Royal Bank of Scotland Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Royal Bank of Scotland’s changes. While using this technology is not a condition for acceptance on the Royal Bank of Scotland panel, demonstrating you can stay up to date with Royal Bank of Scotland’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Royal Bank of Scotland

Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Royal Bank of Scotland are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Royal Bank of Scotland has made 558 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 4.9 days. In total, 66% of the sections of P2 of the UK Finance Lenders’ Handbook for Royal Bank of Scotland have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
5.13.1 07/12/2018 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
1.11a 15/11/2018 CML
16.5.3a 15/11/2018 CML
5.4.4 20/09/2018 CML
1.11a 03/09/2018 CML
14.2.1 02/03/2018 CML
1.11a 28/12/2017 CML
16.4.1 28/12/2017 CML
16.5.2 28/12/2017 CML
6.7.6 19/07/2016 CML

Last update 11/01/2019

Royal Bank of Scotland Conveyancing Panel Example Support Desk Enquires from members of the public

I have been advised by my broker that I have to pay Royal Bank of Scotland fees if I use my own solicitor. How good are the Royal Bank of Scotland conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and not exorbitantly priced. Are there any Royal Bank of Scotland conveyancers you'd recommend?
Royal Bank of Scotland’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Royal Bank of Scotland will allow to act for them.
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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Royal Bank of Scotland conveyancing panel. My lawyer has said that they are on the Royal Bank of Scotland approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Royal Bank of Scotland conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Royal Bank of Scotland solicitor panel.
Please explain the implications if my solicitor is suspended from the Royal Bank of Scotland Solicitor panel before the completion date?
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 at a cost.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Royal Bank of Scotland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Royal Bank of Scotland your lawyer must to check the Royal Bank of Scotland conveyancing instructions contained in the Part of CML Handbook for Royal Bank of Scotland . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Royal Bank of Scotland where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have agreed a price on a house I spoke to a lawyer recommended by my dad and he suggested instructing a property lawyers approved by Royal Bank of Scotland. The estate agent recommended two local firms so I asked Royal Bank of Scotland if the 2 suggested solicitors are approved, which they are not. Royal Bank of Scotland pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Royal Bank of Scotland 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Royal Bank of Scotland for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Royal Bank of Scotland conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Royal Bank of Scotland conveyancing panel as it may only take about 2-3 weeks. As long as they meet Royal Bank of Scotland’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I am selling my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Royal Bank of Scotland are being difficult. The solicitor who is on the Royal Bank of Scotland conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Royal Bank of Scotland are insisting on a building regulation certificate. Why do Royal Bank of Scotland have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Royal Bank of Scotland have referred the matter to their valuer. The reason why Royal Bank of Scotland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.