Removal from the Foundation Home loans and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Foundation Home loans convincing panel
- Foundation Home loans may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Breaches of Foundation Home loans conveyancing panel Terms and Conditions
- Non-compliance with the Foundation Home loans panel requirements, the written instructions that Foundation Home loans give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Foundation Home loans may subsequently adopt.
- Significant non-compliance with post completion requirements on behalf of Foundation Home loans
Foundation Home loans panel reinstatement : questions that we get asked
- Is it possible to find out my firm’s application for reinstatement is turned down?
- How often will this firm be required to re-apply to be reinstated on the Foundation Home loans conveyancing panel?
- Can we act for Foundation Home loans while the application for reinstatement on the Foundation Home loans panel is being reviewed? How do I find out if our reinstatement appeal to the Foundation Home loans panel is accepted?
- How long does the application process take when applying to revert back onto the Foundation Home loans conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Foundation Home loans is rejected?
Top Tip: The best way to avoid the hassle of seeking Foundation Home loans panel reinstatement is to ensure that your firm is not removed off of the Foundation Home loans conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Foundation Home loans conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Foundation Home loans directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Foundation Home loans conveyancing panel.