Scottish Widows Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Scottish Widows’s changes. Notwithstanding that utilising the software is not a condition for being on the Scottish Widows panel, demonstrating you can stay up to date with Scottish Widows’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.

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Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Scottish Widows are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Scottish Widows has made 304 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.0 days. In total, 43% of the sections of P2 of the UK Finance Lenders’ Handbook for Scottish Widows have been changed since 15/12/2008.

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Scottish Widows Conveyancing Panel Example Support Desk Enquires from members of the public

The solicitor I had intended to instruct on a remortgage said he will levy higher legal fees if my lender is because of their difficult processes! Will I regret using Scottish Widows? Any comments will be appreciated
Scottish Widows conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Scottish Widows conveyancing panel. If they are not, this does add further risk of delay as Scottish Widows will appoint their own solicitors to look after their interest.
Our lawyer has identified a problem with the lease for the flat we are purchasing. The other side have offered title insurance as a solution. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the Scottish Widows conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Scottish Widows?
Just because you have a mortgage offer from Scottish Widows does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Scottish Widows are the client. The appropriate lender requirements must be adhered to by the Scottish Widows conveyancing panel who has to balance acting for you and Scottish Widows
I have been Googling for conveyancing quotes online. Can I be confident that all the firms that are identified on your website are on the Scottish Widows conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Scottish Widows panel and agreed to advise us to take down their listing in the event of removal off of the Scottish Widows panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Scottish Widows conveyancing panel is incorrect.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Scottish Widows Solicitor panel before the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I hope to get a mortgage with Scottish Widows. Is there anyway to cut out the solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Scottish Widows involved you will need to appoint a solicitor on the Scottish Widows conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Scottish Widows. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Scottish Widows conveyancing panel.
I had an offer accepted on a property on the 7th March 2014, valuation was booked 4 days later, received a clean bill of health. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Scottish Widows and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Scottish Widows conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Scottish Widows to deal with your lawyers application to be on the Scottish Widows conveyancing panel. There's no guarantee that your solicitors will be accepted.
At last I have had an offer on an apartment 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 in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? 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.