Removal from the Scottish Widows and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Scottish Widows conveyancing panel
- 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.
- Missing deadline to reapply to remain on the Scottish Widows convincing panel
- Breaches of Scottish Widows conveyancing panel Terms and Conditions
- Significant 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.
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 offer with the Scottish Widows?
- How often will this firm be required to re-apply to remain on the Scottish Widows conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Scottish Widows conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Scottish Widows panel ?
- Can this firm act for Scottish Widows while the application for reinstatement on the Scottish Widows panel is being reviewed? How do I know 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.