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 provides false answers in its application form or in relation to any future requests for information.
- Your firm fails to meet the criteria to remain on the Foundation Home loans conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Foundation Home loans
- Missing deadline to reapply to be on the Foundation Home loans convincing panel
- Significant delays in registering security on behalf of Foundation Home loans Delays or failure to register the Foundation Home loans charge may result in referral to external lawyers of Foundation Home loans to complete outstanding requirements.
Foundation Home loans panel reinstatement: Five Common Questions
- Am I restricted as to the amount of times my firm can apply to be reinstated on the Foundation Home loans conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Foundation Home loans conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is rejected?
- Is the door firmly shut if my firm’s reinstatement panel submission with Foundation Home loans is rejected?
- Is it the practice manager who is required to sign the reinstatement application to the Foundation Home loans panel ?
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.