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

  • Your firm no longer meets the criteria to remain on the Foundation Home loans conveyancing panel
  • Significant 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.
  • Breaches of Foundation Home loans conveyancing panel Terms and Conditions
  • 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.
  • Failure to reapply to be on the Foundation Home loans convincing panel

Top questions concerning Foundation Home loans panel reinstatement

  • What will happen if our Foundation Home loans panel reinstatement application is turned down and our client has a mortgage offer with the Foundation Home loans?
  • 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 know if our reinstatement appeal to the Foundation Home loans panel is approved?
  • Am I restricted as to the amount of times my firm can apply to be reinstated on the Foundation Home loans conveyancing panel?
  • Does my practice need to apply annually to be reinstated on the Foundation Home loans conveyancing panel?
  • Is it possible to find out my firm’s application for reinstatement 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 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.

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