Common questions asked concerning the GE Money Conveyancing Panel
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 efficient 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. Would you recommend a specific law firm on the GE Money panel?
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.
We are approaching an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender GE Money. Apparently, being on the GE Money conveyancing panel and acting on their behalf he must inform GE Money if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with GE Money to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to GE Money if you agree, failing which, your lawyer must cease to continue acting.
I note that you have a search directory identifying law firms on the GE Money conveyancing panel. Do firms pay you a commission if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the GE Money conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am considering refinancing my apartment does my lawyer need to be on the GE Money Conveyancing panel?
There is nothing to stop you using your solicitor but GE Money will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is it the case that all solicitors on the GE Money conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the GE Money conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Can I be sure that the solicitor on the GE Money panel is any good?
obtaining recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer handling your transaction
Two weeks ago we had a mortgage agreed in principle with GE Money. Solicitors have been chosen? How long does it take for GE Money to send the offer to our conveyancer
There is no definitive answer here. Have GE Money completed the survey? Have you advised GE Money as your lawyers details and checked that your lawyer is on the GE Money conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued