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 provides false answers in its application form or in relation to any future requests for information.
- Failure to reapply to remain on the GE Money convincing panel
- Breaches of GE Money conveyancing panel requirements
- 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.
- Your practice no longer meets the criteria to remain on the GE Money conveyancing panel
Questions GE Money panel reinstatement firms ask us
- Does my practice need to apply annually to remain on the GE Money conveyancing panel?
- How long does the application process take when applying to be reinstated onto the GE Money conveyancing panel?
- Can we act for GE Money while the application for reinstatement on the GE Money panel is being assessed? How do I find out if our reinstatement application to the GE Money panel is approved?
- What are the consequences if our GE Money panel reinstatement application is refused and the client of the firm has a mortgage offer with the GE Money?
- Does the COLP in my firm need to complete 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 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.