Removal from the GE Money and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the GE Money conveyancing panel
- Breaches of GE Money conveyancing panel requirements
- 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.
- Persistent delays in post completion requirements on behalf of GE Money
- Non-compliance 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.
Frequently asked questions concerning GE Money panel reinstatement
- What are the consequences if our GE Money panel reinstatement application is turned down and our client has a mortgage application with the GE Money?
- Please can you set out the application process to revert back onto the GE Money conveyancing panel?
- What are our options if our reinstatement panel application with GE Money is refused?
- Does my practice need to apply annually to be reinstated on the GE Money conveyancing panel?
- What times frames are involved when applying 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 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.