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GE Money Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the GE Money Conveyancing Panel?
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How can my firm be reinstated onto the GE Money Conveyancing Panel?
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Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on GE Money’s changes. Notwithstanding that utilising the software is not a condition for being on the GE Money panel, demonstrating you can stay up to date with GE Money’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by GE Money

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from GE Money are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, GE Money has made 545 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 5.0 days. In total, 62% of the sections of P2 of the UK Finance Lenders’ Handbook for GE Money have been changed since 15/12/2008.

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GE Money Conveyancing Panel : Questions and Answers from members of the public

My property lawyer has never been on on the GE Money Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the GE Money panel?
The most common options here are as follows:
  1. Complete the purchase with your preferred solicitors but GE Money will need to instruct a lawyer on the GE Money conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the GE Money conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the GE Money conveyancing panel
My partner and I intend to remortgage our apartment with GE Money. We have a son 18 who lives with us. The solicitor on the GE Money conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this form unique to the GE Money conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your GE Money conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to GE Money .This is solely used to protect the GE Money if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of GE Money had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

Is it necessary during the course of the conveyancing process to have a meeting at the offices of the GE Money conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Newcastle so that I can pop in to their offices if required.
As opposed to twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle .
I would like to get my ex-wife taken off the mortgage deeds. Can GE Money really insist on which solicitor I can or can not retain?
You can use any solicitor you like but GE Money then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the GE Money solicitors panel
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.
After much negotiation I have agreed a price on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the GE Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the GE Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a flat with a mortgage with GE Money. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the GE Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the GE Money conveyancing panel

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