Scottish Widows Conveyancing Panel Information

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.

Scottish Widows approved panel lawyers have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Scottish Widows require, the deed of covenant on their behalf. You will need to check Scottish Widows CML Part 2 conditions to see if Scottish Widows have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Scottish Widows conveyancing panel

7 borrowers attempt to locate a conveyancer on the Scottish Widows panel every 4 weeks in Hendon. The lenderpanel directory service team who will show you how your firm can be identified by those searching for conveyancing in Hendon.

In the circumstances please explain on the application what action you have taken to find out 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?

You would be advised to contact Scottish Widows to obtain standard documents. The CML Handbook includes a specific inquiry for lenders to enumerate who to contact to obtain standard documents. Scottish Widows in their Part 2’s state: Please remember to quote the firm’s Scottish Widows solicitors panel number.