Generation Home Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a register.

The Law Society of Scotland has suggested that solicitors should check their lender panel status prior to accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the Generation Home conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include mumsnet.com

The Council of Mortgage Lender requirements of Generation Home are silent on this. Most mortgage companies address the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Generation Home’s interest. To be absolutely sure of Generation Home requirements in this regard please check the Terms and Conditions of Generation Home’s conveyancing panel appointment.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Generation Home conveyancing panel to see if you are entitled to a reason.

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 firm’s application but gives the Law Society viability as to what has gone on.

You need to get in touch with Generation Home to obtain standard documents. The The Council of Mortgage Lenders Handbook has an explicit inquiry for lenders to cite who to contact to obtain standard documents. Generation Home in their Part 2’s state: You will need to disclose your Generation Home conveyancing panel reference.