Removal from the GE Money and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the GE Money convincing panel
- Significant delays in registering security on behalf of GE Money Delays or failure to register the GE Money charge may result in referral to external lawyers of GE Money to complete outstanding requirements.
- Your practice no longer meets the criteria to remain on the GE Money conveyancing panel
- GE Money may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to act in accordance with the GE Money panel terms, the written instructions that GE Money provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which GE Money may subsequently subscribe.
GE Money panel reinstatement : questions that we get asked
- Can this firm act for GE Money while the application for reinstatement on the GE Money panel is being progressed? How do I discover if our reinstatement appeal to the GE Money panel is accepted?
- Can we appeal if my firm’s application for reinstatement was refused?
- Am I restricted as to the number of occasions my practice can apply to be reinstated on the GE Money conveyancing panel?
- What are the next steps open to me if our GE Money panel reinstatement application is rejected and our client has a mortgage offer with the GE Money?
- What is the application process to be reinstated onto the GE Money conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking GE Money panel reinstatement is to ensure that your firm is not removed off of the GE Money 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 GE Money conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to GE Money directly or via their preferred 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 GE Money conveyancing panel.