Foundation Home loans Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Foundation Home loans’s changes. Even though utilising this technology is not a prerequisite for Foundation Home loans , demonstrating you can stay up to date with Foundation Home loans’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Foundation Home loans

Banks and building societies frequently vary 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, over time:

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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FAQs : The Foundation Home loans Conveyancing Panel from members of the public

For what reasons would a firm of solicitors be excluded from the Foundation Home loans solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Foundation Home loans conveyancing panel. My lawyer has said that they are on the Foundation Home loans approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Foundation Home loans conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Foundation Home loans solicitor panel.
We're in Wales, First timers buying with a mortgage (lender is Foundation Home loans , but our lawyer is on the Foundation Home loans conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Foundation Home loans conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Do conveyancing solicitors on the Foundation Home loans conveyancing panel work on a no move no charge basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Foundation Home loans conveyancing panel requirements are different to Foundation Home loans’s conveyancing panel requirements.
We were going to get a DIP from Foundation Home loans this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Foundation Home loans recommend a solicitor on the Foundation Home loans conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Foundation Home loans conveyancing panel. The solicitor represents both you and the Foundation Home loans through the process.