Find an Approved Solicitor on the GE Money Home Lending Ltd
Frequently asked questions relating to the GE Money Conveyancing Panel
I am expecting a mortgage offer from GE Money. I hope to retain the legal services of a Licensed Conveyancer. Does the GE Money Solicitor panel include conveyancers regulated by the CLC
GE Money’s approved solicitor list is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Our solicitor has discovered a problem with the lease for the apartment we are purchasing. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the GE Money conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or GE Money?
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
I am buying a property and need a conveyancing solicitor in who is on the GE Money solicitor. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for GE Money . We don’t recommend any particular firm.
I am purchasing a new build flat and getting a mortgage with GE Money. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the GE Money conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the GE Money conveyancing panel in your location.
Are all Conveyancing Quality Solicitors on the GE Money conveyancing panel?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership 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 firms.
I have paid off my mortgage with GE Money. I assume I don't need a solicitor on the GE Money panel to remove the mortgage at the Land Registry. Am I right?
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.
Can I register a complaint to GE Money about the lawyers being on the GE Money conveyancing panel?
There is little point in complaining directly to GE Money. All solicitors and conveyancer must have a complaints procedure. Usually one can find this 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.