Removal from the Gen H and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements on behalf of Gen H
- 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.
- Breaches of Gen H conveyancing panel requirements
- Significant delays in registering a charge 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.
- 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.
FAQs : Gen H Conveyancing panel reinstatement
- How long does the application process take when applying to be reinstated onto the Gen H conveyancing panel?
- Can we act for Gen H while the application for reinstatement on the Gen H panel is being assessed? How do I know if our reinstatement application to the Gen H panel is approved?
- Does the COLP in my firm need to complete the reinstatement application to the Gen H panel ?
- Am I restricted as to the number of times my firm can apply to be reinstated on the Gen H conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Gen H is refused?
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.