Find an Approved Solicitor on the GE Money Home Lending Ltd
Frequently asked questions relating to the GE Money Solicitor Panel
I am expecting a offer of a mortgage from GE Money. my intention is to retain the legal services of a Licensed Conveyancer. Does the GE Money Solicitor panel exclude Licensed Conveyancers
GE Money’s conveyancing panel is, like many other lenders associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am buying a new build apartment and my solicitor is telling me that she is duty bound to reveal incentives from the seller as her firm is on the GE Money conveyancing panel. I am on a tight deadline to exchange and I have no desire to delay deal. Can I insist on an exchange regardless of what my lawyer says about being on the GE Money panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the GE Money approved panel is to comply with the CML Handbook requirements (last updated for this lender on GE Money). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are there any apps to help find a local solicitor on the GE Money conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the lawyer.
You can use the find a conveyancing panel search on this page. 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.
I am considering remortgaging my apartment does my lawyer have to be on the GE Money Conveyancing panel?
In theory, you could use a solicitor that is not on GE Money conveyancing panel, but GE Money would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with GE Money. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with GE Money involved you will need to appoint a solicitor on the GE Money conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to GE Money. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the GE Money conveyancing panel.
Can I register a complaint to GE Money about the lawyers being on the GE Money conveyancing panel?
Complaining to GE Money about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
I had an offer accepted on an apartment on the 6th January 2014, valuation was booked five days later, all came back fine. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to GE Money and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the GE Money conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for GE Money to deal with your lawyers application to be on the GE Money conveyancing panel. There's no guarantee that your solicitors will be accepted.