Removal from the Gen H and other lender panels: Why they do it and how to get reinstated
- Your 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Significant 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.
- Failure to reapply to be on the Gen H convincing panel
- Significant delays in post completion requirements on behalf of Gen H
Questions Gen H panel reinstatement firms ask us
- Is there a limit to the amount of times my firm can submit applications to get back on the Gen H conveyancing panel?
- What will happen if our Gen H panel reinstatement application is turned down and the client of the firm has a mortgage application with the Gen H?
- How often will this firm be required to re-apply to be reinstated on the Gen H conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Gen H conveyancing panel?
- Can we appeal if my firm’s application for reinstatement was turned down?
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 preferred 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.