Removal from the Foundation Home loans and other lender panels: Why they do it and how to get reinstated

  • Foundation Home loans may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Recurring non-compliance with post completion requirements set by Foundation Home loans
  • Breaches of Foundation Home loans conveyancing panel Terms and Conditions
  • Your practice no longer meets the criteria to remain on the Foundation Home loans conveyancing panel
  • Non-compliance with the Foundation Home loans panel terms, the written instructions that Foundation Home loans provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Foundation Home loans may subsequently adopt.

Foundation Home loans panel reinstatement: Five Common Questions

  • Who should complete the reinstatement application to the Foundation Home loans panel ?
  • What times frames are involved when applying to revert back onto the Foundation Home loans conveyancing panel?
  • Can this firm act for Foundation Home loans while the application for reinstatement on the Foundation Home loans panel is being assessed? How do I find out if our reinstatement appeal to the Foundation Home loans panel is approved?
  • Is the door firmly shut if our reinstatement panel application with Foundation Home loans is refused?
  • What are the next steps open to me if our Foundation Home loans panel reinstatement application is declined and the client of the firm has a mortgage application with the Foundation Home loans?

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.

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