Removal from the Gen H and other lender panels: Why they do it and how to get reinstated
- Persistent 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Gen H may subsequently adopt.
- 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.
- Significant delays in post completion requirements on behalf of Gen H
- Breaches of Gen H conveyancing panel requirements
Frequently asked questions concerning Gen H panel reinstatement
- What times frames are involved when applying to be reinstated onto the Gen H conveyancing panel?
- Is there a limit to the amount of times my law firm can apply to be reinstated on the Gen H conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Gen H panel ?
- Does my practice need to apply annually to be reinstated on the Gen H conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement 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.