Gen H Conveyancing Panel Information

The Council of Mortgage Lenders is not a regulator and therefore will not investigate complaints against lenders. You can of course contact Lexsure to see if we can assist.

Lexsure only know of two or three banks that operate a separate conveyancing panel where the mortgage advance is over a certain amount. You should nevertheless check directly with Gen H. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Gen H

Assuming that your practice in is on the Gen H conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Gen H are to lend, they may require indemnity insurance. In any event,you will need to check Gen H’s specific requirements. Notwithstanding whether Gen H will lend in such circumstances you still need to advise the borrower (unless you are acting for Gen H alone) as to the risks of buying a property with an insolvent or absentee freeholder.

With banks and property lawyers working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Gen H conveyancing panel but for all lender panel listings

It would be advisable to supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your application but gives the CQS team viability as to what has happened.

You would be advised to communicate with Gen H to obtain standard documents. The CML Handbook incorporates an express question for lenders to cite who to contact to obtain standard documents. Gen H in their Part 2’s state: Don’t forget to disclose your Gen H conveyancing panel number.