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Scottish Widows Conveyancing Panel: Recently Asked Questions
Are Scottish Widows Conveyancing panel solicitors under an obligation to disclose incentives?
Scottish Widows’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements
I am on the Scottish Widows conveyancing panel. Can I get an archived copy of a Scottish Widows Part 2 from the CML?
The Council of Mortgage Lenders do not retain data sets of P2 requirements Pre January 2011. The CML advise that you make a request of Scottish Widows directly.
Scottish Widows would like me to represent them alone on a residential conveyancing matter , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Scottish Widows conveyancing panel) How will this operate and are there different instructions from Scottish Widows in this circumstance?
The CML, along with
Scottish Widows and other members created a standard set of instructions where a conveyancer is acting for a lender such as Scottish Widows alone in a residential conveyancing transaction.
These requirements are contained at Part Three of the UK Finance Lenders’ Handbook and are to be followed together with Part I and II.
The CML have published an example requirements letter to the borrower’s conveyancer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel lawyer.
Will the fact that my firm receives LENDERmonitor Alerts help in my application to join the Scottish Widows solicitor panel?
The criteria to join the Scottish Widows conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
I have been a qualified solicitor for over 35 years with an exemplary claims record and have been refused acceptance on the
Scottish Widows conveyancing panel with no explanation. Am I not entitled to a reason?
For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the
Scottish Widows conveyancing panel to see if you are entitled to a reason.
We had our Scottish Widows panel membership suspended but we have not yet been given an explanation yet.
I am completing a CQS renewal form what details do I need to report?
In the circumstances please explain on the application what steps you have taken to discover the reasons behind cancellation of your
Scottish Widows panel status.
In particular please provide details if you have received communications from the lender. E.G. before cessation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?
I am on the
Scottish Widows
conveyancing panel and all set to complete a purchase within the next few weeks. I dont have a Legal Charge for the client to execute.
Who do I contact at Scottish Widows to get a duplicate Deed?
You should contact Scottish Widows
to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express inquiry for lenders to establish who to contact to obtain standard documents.
Scottish Widows in their Part 2’s state:
It is likely that you will need to quote your Scottish Widows conveyancing panel reference.
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Average number of days to register title including a charge in favour of Scottish Widows
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | 33.2 |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Scottish Widows Firms
- Draft Report on Title precedent for Scottish Widows borrowers
- Draft Anti Money Laundering PolicyTemplate for Scottish Widows panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Scottish Widows lender panel
- Buy-to-Let help for Scottish Widows
- Consent-to-Let help for Scottish Widows
- Contractor Mortgages with Scottish Widows