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approved by Foundation
Ready to buy a new home? Failing to check that a lawyer is on the Foundation list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Foundation Home Loans Conveyancing Panel? How can my firm be reinstated onto the Foundation Home Loans Conveyancing Panel?Find an Approved Solicitor on the Foundation Home Loans Conveyancing Panel
Examples of recent questions relating to the Foundation Home loans Solicitor Panel
It has come to my attention via my broker that my solicitor is not on the Foundation Home loans Conveyancing panel. How can I be sure that this is correct?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Foundation Home loans.
We are approaching an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Foundation Home loans. Apparently, being on the Foundation Home loans conveyancing panel and acting on their behalf he must inform Foundation Home loans if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Foundation Home loans to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Foundation Home loans if you agree, failing which, your lawyer must cease to continue acting.
Your search tool is useful but there are many lawyers listed near Chelsea on the Foundation Home loans conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Foundation Home loans approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Foundation Home loans Solicitor panel before the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it the case that all solicitor firms on the Foundation Home loans conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Foundation Home loans conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have had an offer accepted on a house I spoke to a lawyer previously used by my mum and he suggested instructing a law firm approved by Foundation Home loans. The estate agent recommended two local firms so I asked Foundation Home loans if the 2 suggested solicitors are approved, which they are not. Foundation Home loans pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Foundation Home loans 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Foundation Home loans for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Foundation Home loans conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Foundation Home loans conveyancing panel as it may only take about 2-3 weeks. As long as they meet Foundation Home loans’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Completion of my purchase has taken place with a mortgage from Foundation Home loans. Conveyancing was a necessary evil but I would like to complain about Foundation Home loans. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the Foundation Home loans branches or the Customer Services Department at Foundation Home loans head office. In most cases complaints to Foundation Home loans are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.
Other Topics
Transfer of Equity for Foundation Home loansPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors