Removal from the Scottish Widows and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant non-compliance with post completion requirements set by Scottish Widows
- Missing deadline to reapply to be on the Scottish Widows convincing panel
- Breaches of Scottish Widows conveyancing panel Terms and Conditions
- 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.
Scottish Widows panel reinstatement : questions that we get asked
- Is there a fee to be reinstated onto the Scottish Widows conveyancing panel?
- What is the application procedures to revert back onto the Scottish Widows conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Scottish Widows conveyancing panel?
- Is there a limit to the amount of occasions my practice can submit applications to get back on the Scottish Widows conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Scottish Widows is turned down?
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.