Find a Law Firm
approved by GE Money
Ready to buy a new home? Failing to check that a lawyer is on the GE Money list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the GE Money Home Lending Ltd Conveyancing Panel? How can my firm be reinstated onto the GE Money Home Lending Ltd Conveyancing Panel?Find an Approved Solicitor on the GE Money Home Lending Ltd Conveyancing Panel
GE Money Conveyancing Panel Sample Enquires to our Call Center
My Conveyancer is not on the GE Money Solicitor Panel. Can I still continue with my family solicitor notwithstanding that they are not on the GE Money approved list?
You have a number of options available to you here:
- Carry on with your preferred lawyers but GE Money will need to instruct a lawyer on the GE Money conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the GE Money conveyancing panel.
- Convince your lawyer to do everything within their powers to join the GE Money conveyancing panel
Much to my surprise my solicitor is asking me for proof of ID documents saying that this is part of his legal duty as a conveyancer on the GE Money Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that GE Money also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with GE Money CML Handbook requirements last updated on GE Money
What tools are available to find a local solicitor on the GE Money conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the GE Money solicitor panel.
Can you clarify what the consequences are if my solicitor is removed from the GE Money Conveyancing panel before completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Are all Conveyancing Quality Solicitors on the GE Money conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
Do conveyancing solicitors on the GE Money conveyancing panel work on a no sale no fee basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
Last month we had a mortgage agreed in principle with GE Money. Solicitors have been chosen? How long does it take for GE Money to send the offer to our conveyancer
Some lenders take longer than others. Have GE Money completed the valuation? Have you advised GE Money as your lawyers details and checked that your lawyer is on the GE Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Other Topics
Transfer of Equity for GE MoneyPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors