GE Money Conveyancing Panel Example Support Desk Enquires from members of the public
My financial adviser has informed me that I have to pay GE Money fees should I instruct my family lawyer. How good are the GE Money conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and reasonably priced. Are there any GE Money conveyancers you'd recommend?
GE Money’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that GE Money will allow to act for them.
Our solicitor has identified a legal deficiency with the lease for the property we are purchasing. The other side have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the GE Money conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is GE Money?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and GE Money are the client. 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 Handbook conditions require your lawyer to disclose issues such as defects will the lease so that GE Money can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I require the services of a GE Money panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent 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. At a fee of one pound per month it is not expensive to register on the site
I am purchasing a garden flat and getting a mortgage with GE Money. How practical is it for me to do the conveyancing?
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.
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
My brother and I have had an offer accepted on a apartment I spoke to a lawyer recommended by my uncle and he recommended retaining a solicitor approved by GE Money. The estate agent recommended two local firms so I asked GE Money if the 2 suggested solicitors are approved, which they are not. GE Money pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of GE Money 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask GE Money to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the GE Money conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto GE Money conveyancing panel as it may only take about 2-3 weeks. As long as they meet GE Money’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I'm spending time viewing apartments and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a home loan with GE Money
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with GE Money , ask your prospective lawyers check they are on the GE Money conveyancing panel otherwise they can't do the mortgage legal work.