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

  • Failure to act in accordance 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.
  • Significant non-compliance with post completion requirements set by Foundation Home loans
  • Recurring delays in registering a charge 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.
  • Failure 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.

FAQs : Foundation Home loans Conveyancing panel reinstatement

  • Can this firm act for Foundation Home loans while the appeal for reinstatement on the Foundation Home loans panel is being progressed? How do I find out if our reinstatement appeal to the Foundation Home loans panel is accepted?
  • Can we appeal if this practice’s application for reinstatement was declined?
  • Is there a charge to revert back onto the Foundation Home loans conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the Foundation Home loans conveyancing panel?
  • Am I restricted as to the amount of occasions my practice can submit applications to be reinstated on the Foundation Home loans conveyancing 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.

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