Removal from the Foundation Home loans and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Foundation Home loans convincing panel
- Persistent 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 act in accordance with the Foundation Home loans panel terms, 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 subscribe.
- Recurring delays in post completion requirements set by Foundation Home loans
- Your firm fails to meet the criteria to remain on the Foundation Home loans conveyancing panel
Foundation Home loans panel reinstatement: Five Common Questions
- Does the COLP in my firm need to sign the reinstatement application to the Foundation Home loans panel ?
- Is there a charge to revert back onto the Foundation Home loans conveyancing panel?
- Can this firm act for Foundation Home loans while the appeal for reinstatement on the Foundation Home loans panel is being reviewed? How do I know if our reinstatement application to the Foundation Home loans panel is approved?
- What is the application protocol to revert back onto the Foundation Home loans conveyancing panel?
- Does my practice need to apply annually 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 preferred 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.