Foundation Home loans Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Foundation Home loans’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Foundation Home loans , demonstrating you can stay up to date with Foundation Home loans’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel standing.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Book a Foundation Home loans Demo for this Panel Compliance Tool

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Foundation Home loans are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Foundation Home loans has made 3 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 910.0 days. In total, 1% of the sections of P2 of the UK Finance Lenders’ Handbook for Foundation Home loans have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Examples of recent questions relating to the Foundation Home loans Solicitor Panel from members of the public

On what basis could a law firm be excluded from the Foundation Home loans solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Foundation Home loans
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Foundation Home loans will not agree to this. Why was Foundation Home loans even consulted?
Your lawyer being on the Foundation Home loans conveyancing panel is duty bound to inform Foundation Home loans of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Foundation Home loans then they would have to discontinue acting for you and Foundation Home loans.
I have been searching for online conveyancing estimates. Can I be sure that all the law firms that are listed on your website are on the Foundation Home loans conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the Foundation Home loans panel and agreed to advise us to take down their listing in the event of removal off of the Foundation Home loans panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Foundation Home loans conveyancing panel is not accurate.
I am attempting to get my ex-wife removed the mortgage deeds. Can Foundation Home loans really insist on which solicitor I can or can not use?
You can use any solicitor you like but Foundation Home loans then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Foundation Home loans solicitors panel
My brother and I have had an offer accepted on a house I spoke to a solicitor recommended by my uncle and he suggested instructing a solicitor 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 to suggest a law firm in your location. 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.
My husband and I are at the point of looking at houses and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I will be getting a home loan with Foundation Home loans
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Foundation Home loans , make sure you remember to check that your lawyer is on the Foundation Home loans conveyancing panel.
After much negotiation I have agreed a price on a house. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Foundation Home loans conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Foundation Home loans panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.