Removal from the Scottish Widows and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security 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.
- Failure to reapply to remain on the Scottish Widows convincing panel
- 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.
- 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.
- Recurring non-compliance with post completion requirements set by Scottish Widows
Top questions concerning Scottish Widows panel reinstatement
- Do any avenues remain open if my firm’s reinstatement panel submission with Scottish Widows is refused?
- How do I discover why my firm’s application for reinstatement is declined?
- Am I restricted as to the number of occasions my practice can submit applications to get back on the Scottish Widows conveyancing panel?
- What is the application procedures to revert back onto the Scottish Widows conveyancing panel?
- What are the next steps open to me if our Scottish Widows panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Scottish Widows?
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.