Removal from the Gen H and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the Gen H convincing panel
- 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.
- Breaches of Gen H conveyancing panel requirements
- Recurring non-compliance with post completion requirements set by Gen H
- 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.
Answers to Frequently asked questions concerning Gen H panel reinstatement
- Can this firm act for Gen H while the application for reinstatement on the Gen H panel is being assessed? How do I know if our reinstatement appeal to the Gen H panel is approved?
- Do any avenues remain open if my firm’s reinstatement panel submission with Gen H is declined?
- Is it the practice manager who is required to sign the reinstatement application to the Gen H panel ?
- How often will this firm be required to re-apply to remain on the Gen H conveyancing panel?
- What are the consequences if our Gen H panel reinstatement application is declined and our client has a mortgage offer with the Gen H?
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.