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approved by GE Money

As unjust as it may seem for GE Money to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern GE Money are limiting their panel of approved conveyancing lawyers to a manageable size. The GE Money lawyer panel is not the most restricted

Just because you have a mortgage offer from GE Money does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and GE Money are the client. The appropriate lender requirements have to be complied with by the GE Money conveyancing panel who has to balance acting for you and GE Money

It is not clear why you need a GE Money panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to GE Money to find out which solicitors in GE Money are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month

The fact that your lawyer is on the GE Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain

We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.

If you have finished paying off your GE Money mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the GE Money mortgage from the register. GE Money,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the GE Money has sent the Land Registry the discharge electronically, and the GE Money has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your GE Money mortgage has been paid off.

GE Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually GE Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with GE Money you could contact your them to see if they have a list of approved surveyors.