Removal from the Scottish Widows and other lender panels: Why they do it and how to get reinstated
- 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 subscribe.
- Recurring delays in post completion requirements set by Scottish Widows
- Failure to reapply to remain on the Scottish Widows convincing panel
- Your firm fails to meet the criteria to remain on the Scottish Widows conveyancing panel
- 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.
Top questions concerning Scottish Widows panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel application with Scottish Widows is refused?
- How often will this firm be required to re-apply to be reinstated on the Scottish Widows conveyancing panel?
- What are the consequences if our Scottish Widows panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Scottish Widows?
- Is there a cost to revert back onto the Scottish Widows conveyancing panel?
- How do I discover why our application for reinstatement was declined?
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.