Removal from the Gen H and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of Gen H Delays or failure to register the Gen H charge may result in referral to external lawyers of Gen H to complete outstanding requirements.
- Your law firm fails to meet the criteria to remain on the Gen H conveyancing panel
- Gen H 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.
- Breaches of Gen H conveyancing panel requirements
- Recurring non-compliance with post completion requirements on behalf of Gen H
Top questions concerning Gen H panel reinstatement
- Who should sign the reinstatement application to the Gen H panel ?
- Does my practice need to apply annually to remain on the Gen H conveyancing panel?
- Can we act for Gen H while the application for reinstatement on the Gen H panel is being progressed? How do I find out if our reinstatement application to the Gen H panel is approved?
- What times frames are involved when applying to revert back onto the Gen H conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Gen H is rejected?
Top Tip: The best way to avoid the hassle of seeking Gen H panel reinstatement is to ensure that your firm is not removed off of the Gen H 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 Gen H conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Gen H 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 Gen H conveyancing panel.