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

  • 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 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 subscribe.
  • Breaches of Foundation Home loans conveyancing panel requirements
  • Significant 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.
  • Missing deadline to reapply to remain on the Foundation Home loans convincing panel

Questions Foundation Home loans panel reinstatement firms ask us

  • Is the door firmly shut if my firm’s reinstatement panel application with Foundation Home loans is rejected?
  • Can we act for Foundation Home loans while the application 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?
  • Is there a limit to the number of occasions my firm can apply to get back on the Foundation Home loans conveyancing panel?
  • How long does the application process take when applying to be reinstated onto the Foundation Home loans conveyancing panel?
  • Does the COLP in my firm need to sign the reinstatement application to the Foundation Home loans 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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