Removal from the Gen H and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Gen H panel terms, the written instructions that Gen H give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Gen H may subsequently subscribe.
- Significant non-compliance with post completion requirements on behalf of Gen H
- Breaches of Gen H conveyancing panel requirements
- Recurring 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 firm fails to meet the criteria to remain on the Gen H conveyancing panel
Gen H Conveyancing Panel Reinstatement: Common Questions
- Does the COLP in my firm need to complete the reinstatement application to the Gen H panel ?
- What are our options if our reinstatement panel submission with Gen H is turned down?
- How often will this firm be required to re-apply to remain on the Gen H conveyancing panel?
- What are the next steps open to me if our Gen H panel reinstatement application is rejected and our client has a mortgage offer with the Gen H?
- How long does the application process take when applying to be reinstated onto the Gen H conveyancing panel?
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.