Removal from the Scottish Widows and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Scottish Widows panel requirements, the written instructions that Scottish Widows provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Scottish Widows may subsequently adopt.
- Significant delays in registering a charge on behalf of Scottish Widows Delays or failure to register the Scottish Widows charge may result in referral to external lawyers of Scottish Widows to complete outstanding requirements.
- Significant non-compliance with post completion requirements on behalf of Scottish Widows
- Scottish Widows may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your law firm fails to meet the criteria to remain on the Scottish Widows conveyancing panel
Scottish Widows panel reinstatement : questions that we get asked
- Is there a fee to be reinstated onto the Scottish Widows conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with Scottish Widows is refused?
- What are the next steps open to me if our Scottish Widows panel reinstatement application is refused and our client has a mortgage offer with the Scottish Widows?
- Am I restricted as to the number of occasions my firm can apply to be reinstated on the Scottish Widows conveyancing panel?
- Are you able to explain why our application for reinstatement was rejected?
Top Tip: The best way to avoid the hassle of seeking Scottish Widows panel reinstatement is to ensure that your firm is not removed off of the Scottish Widows conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Scottish Widows conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Scottish Widows directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Scottish Widows conveyancing panel.