Removal from the Foundation Home loans and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Foundation Home loans conveyancing 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.
- Failure to reapply to remain on the Foundation Home loans convincing panel
- Breaches of Foundation Home loans conveyancing panel requirements
- Recurring 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 : questions that we get asked
- 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 appeal to the Foundation Home loans panel is approved?
- What times frames are involved when applying to revert back onto the Foundation Home loans conveyancing panel?
- Is there a limit to the amount of occasions my firm can apply to get back on the Foundation Home loans conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Foundation Home loans panel ?
- Is there a cost to revert back onto 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.