Removal from the GE Money and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring 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.
- Failure to reapply to be on the GE Money convincing panel
- Your firm fails to meet the criteria to remain on the GE Money conveyancing panel
- Non-compliance with the GE Money panel requirements, 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 adopt.
How can we assist? GE Money panel reinstatement questions
- What will happen if our GE Money panel reinstatement application is turned down and our client has a mortgage application with the GE Money?
- What times frames are involved when applying to be reinstated onto the GE Money conveyancing panel?
- Who should sign the reinstatement application to the GE Money panel ?
- Can we act for GE Money while the appeal for reinstatement on the GE Money panel is being progressed? How do I know if our reinstatement application to the GE Money panel is accepted?
- Are you able to explain why our application for reinstatement 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 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.