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

  • Your law firm no longer meets the criteria to remain on the Foundation Home loans conveyancing panel
  • Failure to act in accordance with the Foundation Home loans panel requirements, 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 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.
  • Failure to reapply to be on the Foundation Home loans convincing panel
  • Breaches of Foundation Home loans conveyancing panel requirements

Foundation Home loans panel reinstatement : You have questions, we have answers

  • How long does the application process take when applying 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?
  • Is there a charge to revert back onto the Foundation Home loans conveyancing panel?
  • Is the door firmly shut if our reinstatement panel submission with Foundation Home loans is rejected?
  • Is there a limit to the number of times my firm can submit applications 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 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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