Removal from the GE Money and other lender panels: Why they do it and how to get reinstated
- Your law 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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which GE Money may subsequently subscribe.
- 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.
- Breaches of GE Money conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements set by GE Money
How can we assist? GE Money panel reinstatement questions
- What times frames are involved when applying to be reinstated onto the GE Money conveyancing panel?
- What will happen if our GE Money panel reinstatement application is declined and our client has a mortgage application with the GE Money?
- What is the application process to revert back onto the GE Money conveyancing panel?
- Does my practice need to apply annually to remain on the GE Money conveyancing panel?
- Can this firm act for GE Money while the application for reinstatement on the GE Money panel is being progressed? How do I discover if our reinstatement appeal to the GE Money panel is accepted?
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.