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

  • Your law firm fails to meet the criteria to remain on the Foundation Home loans conveyancing panel
  • Non-compliance 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 subscribe.
  • Breaches of Foundation Home loans conveyancing panel requirements
  • Persistent delays in post completion requirements on behalf of Foundation Home loans
  • Foundation Home loans may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.

Foundation Home loans panel reinstatement : questions that we get asked

  • Do any avenues remain open if my firm’s reinstatement panel application with Foundation Home loans is declined?
  • What are the next steps open to me if our Foundation Home loans panel reinstatement application is refused and the client of the firm has a mortgage application with the Foundation Home loans?
  • Can we appeal if my firm’s application for reinstatement is rejected?
  • Am I restricted as to the number of times my law firm can submit applications to be reinstated on the Foundation Home loans conveyancing panel?
  • Can you outline the application procedures to be reinstated 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 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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