Removal from the Generation Home and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Generation Home
- Recurring delays in registering a charge on behalf of Generation Home Delays or failure to register the Generation Home charge may result in referral to external lawyers of Generation Home to complete outstanding requirements.
- Breaches of Generation Home conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the Generation Home convincing panel
- Non-compliance with the Generation Home panel terms, the written instructions that Generation Home give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Generation Home may subsequently adopt.
Top questions concerning Generation Home panel reinstatement
- Can we act for Generation Home while the appeal for reinstatement on the Generation Home panel is being assessed? How do I know if our reinstatement application to the Generation Home panel is accepted?
- Is there a charge to be reinstated onto the Generation Home conveyancing panel?
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the Generation Home conveyancing panel?
- What are the next steps open to me if our Generation Home panel reinstatement application is refused and our client has a mortgage application with the Generation Home?
- Does the COLP in my firm need to sign the reinstatement application to the Generation Home panel ?
Top Tip: The best way to avoid the hassle of seeking Generation Home panel reinstatement is to ensure that your firm is not removed off of the Generation Home 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 Generation Home conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Generation Home 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 Generation Home conveyancing panel.