Removal from the GE Money and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the GE Money convincing panel
- 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.
- Persistent non-compliance with post completion requirements on behalf of GE Money
- 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.
GE Money panel reinstatement : questions that we get asked
- Can we act for GE Money while the application for reinstatement on the GE Money panel is being assessed? How do I know if our reinstatement application to the GE Money panel is accepted?
- What are the next steps open to me if our GE Money panel reinstatement application is turned down and our client has a mortgage offer with the GE Money?
- What times frames are involved when applying to revert back onto the GE Money conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the GE Money panel ?
- Is there a limit to the amount of times my firm can submit applications to be reinstated on 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.