Removal from the Scottish Widows and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of Scottish Widows
- Non-compliance with the Scottish Widows panel terms, the written instructions that Scottish Widows give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Scottish Widows may subsequently adopt.
- 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 firm fails to meet the criteria to remain on the Scottish Widows conveyancing panel
- Persistent 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.
Frequently asked questions concerning Scottish Widows panel reinstatement
- What happens if our Scottish Widows panel reinstatement application is declined and the client of the firm has a mortgage application with the Scottish Widows?
- Is there a charge to revert back onto the Scottish Widows conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Scottish Widows panel ?
- How often will this firm be required to re-apply to remain on the Scottish Widows conveyancing panel?
- Can this firm act for Scottish Widows while the appeal for reinstatement on the Scottish Widows panel is being processed? How do I discover if our reinstatement appeal to the Scottish Widows panel is accepted?
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 preferred 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.