GE Money Conveyancing Panel Sample Enquires to our Call Center
from members of the public
I appointed a firm of solicitors to conveyancing on my purchase 5 weeks ago having applied for a mortgage with GE Money. The solicitors assured me that they are on GE Money conveyancing panel and advised me their panel reference. GE Money then told me that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the approved panel for GE Money?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the GE Money conveyancing panel You may wish to enlist the help of your broker to check with the GE Money as to the time frame to get your lawyer reinstated on the panel once again.
I do hope you can help me. My solicitor is assuring me that he is legally obliged to order a Local Authority search because the firm are on the GE Money approved lawyer panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with GE Money your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of GE Money’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated GE Money. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Are there any apps to help search for 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 solicitor.
You can use the find a conveyancing panel tool 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 purchasing a terraced house 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.
We were going to get a DIP from GE Money this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the GE Money recommend a solicitor on the GE Money conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the GE Money conveyancing panel. The solicitor represents both you and the GE Money through the process.
I am currently in the process of buying my council flat. I have a mortgage agreed with GE Money. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with GE Money you will need to appoint a solicitor on the GE Money conveyancing panel.
GE Money have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up GE Money or your broker and complete any relevant paperwork. GE Money will tell you what documents they want. GE Money will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. GE Money will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.