Removal from the Foundation Home loans and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Foundation Home loans
- 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.
- Breaches of Foundation Home loans conveyancing panel requirements
- Missing deadline to reapply to remain on the Foundation Home loans convincing panel
- Your law firm fails to meet the criteria to remain on the Foundation Home loans conveyancing panel
Answers to Frequently asked questions concerning Foundation Home loans panel reinstatement
- Please can you set out the application protocol to revert back onto 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?
- Can we act for Foundation Home loans while the appeal for reinstatement on the Foundation Home loans panel is being processed? How do I discover if our reinstatement application to the Foundation Home loans panel is accepted?
- What will happen if our Foundation Home loans panel reinstatement application is turned down and the client of the firm has a mortgage application with the Foundation Home loans?
- Is there a fee 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 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.