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

  • Breaches of GE Money conveyancing panel requirements
  • Significant delays in post completion requirements on behalf of GE Money
  • Non-compliance with the GE Money panel terms, 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.
  • Failure to reapply to remain on the GE Money convincing panel
  • Your law firm no longer meets the criteria to remain on the GE Money conveyancing panel

How can we assist? GE Money panel reinstatement questions

  • What is the application protocol to be reinstated onto the GE Money conveyancing panel?
  • Am I restricted as to the number of times my firm can apply to get back on the GE Money conveyancing panel?
  • What are the consequences if our GE Money panel reinstatement application is rejected and the client of the firm has a mortgage application with the GE Money?
  • Does my practice need to apply annually to remain on the GE Money conveyancing panel?
  • Does the COLP in my firm need to sign the reinstatement application to the GE Money 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.

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