Removal from the GE Money and other lender panels: Why they do it and how to get reinstated

  • Failure to act in accordance with the GE Money panel requirements, the written instructions that GE Money give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which GE Money may subsequently subscribe.
  • 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.
  • GE Money may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Failure to reapply to remain on the GE Money convincing panel
  • Breaches of GE Money conveyancing panel requirements

GE Money panel reinstatement : questions that we get asked

  • What are the next steps open to me if our GE Money panel reinstatement application is turned down and our client has a mortgage application with the GE Money?
  • Is there a fee to be reinstated onto the GE Money conveyancing panel?
  • Am I restricted as to the amount of times my law firm can submit applications to get back on the GE Money conveyancing panel?
  • Does my practice need to apply annually to remain on the GE Money conveyancing panel?
  • Do any avenues remain open if our reinstatement panel submission with GE Money is rejected?

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 appointed 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.

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