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approved by Scottish Widows
Ready to buy a new home? Failing to check that a lawyer is on the Scottish Widows list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the Scottish Widows Bank plc Conveyancing Panel? How does my firm apply to be on the Scottish Widows Bank plc Conveyancing Panel? How can my firm be reinstated onto the Scottish Widows Bank plc Conveyancing Panel?
Find an Approved Solicitor on the Scottish Widows Bank plc Conveyancing Panel
Scottish Widows Conveyancing Panel : Questions and Answers
My IFA has says he needs my law firm’s panel reference for the Scottish Widows conveyancing panel. Can you suggest how I find this out. I have e-mailed my local Scottish Widows office but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Scottish Widows.
can you help? My lawyer is informing me me that he has to conduct a Local Authority search because the firm are on the Scottish Widows approved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Scottish Widows your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Scottish Widows’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Scottish Widows. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Your search tool is useful but there are many lawyers listed near Chelsea on the Scottish Widows conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Scottish Widows approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My conveyancers in Leeds have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Scottish Widows. Is it case that being on the Scottish Widows conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Scottish Widows Conveyancing Panel Terms. It might be worth you contacting Scottish Widows directly.
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Scottish Widows conveyancing panel requirements are different to Scottish Widows’s conveyancing panel requirements.
It is not clear whether my mortgage offer requires a lease extension . I have called into my local branch Scottish Widows on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Scottish Widows conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Scottish Widows panel she or he must comply with the CML Handbook requirements for Scottish Widows. Unless your lawyer obtains specific confirmation in writing that Scottish Widows will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Scottish Widows to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Scottish Widows?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Scottish Widows conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Scottish Widows and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.