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 provides false answers in its application form or in relation to any future requests for information.
- Non-compliance with the Scottish Widows panel terms, 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.
- Failure to reapply to remain on the Scottish Widows convincing panel
- Your practice fails to meet the criteria to remain on the Scottish Widows conveyancing panel
- Persistent delays in post completion requirements on behalf of Scottish Widows
Questions Scottish Widows panel reinstatement firms ask us
- What will happen if our Scottish Widows panel reinstatement application is rejected and the client of the firm has a mortgage application with the Scottish Widows?
- How long does the application process take when applying to be reinstated onto the Scottish Widows conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Scottish Widows panel ?
- Please can you set out the application procedures to be reinstated onto the Scottish Widows conveyancing panel?
- Can we act for Scottish Widows while the appeal for reinstatement on the Scottish Widows panel is being progressed? How do I find out if our reinstatement application 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 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.