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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your law firm fails to meet the criteria to remain on the GE Money conveyancing 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.
- Failure to reapply to remain on the GE Money convincing panel
- Breaches of GE Money conveyancing panel requirements
Questions GE Money panel reinstatement firms ask us
- How do I discover why this practice’s application for reinstatement was turned down?
- What are our options if our reinstatement panel submission with GE Money is refused?
- Can this firm act for GE Money while the application for reinstatement on the GE Money panel is being processed? How do I know if our reinstatement appeal 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?
- How long does the application process take when applying to revert back 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.