Foundation Home loans Conveyancing Panel : Questions and Answers
from members of the public
I have been advised by my broker that I have to pay Foundation Home loans fees should I instruct my family lawyer. How efficient are the Foundation Home loans conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Would you recommend a specific law firm on the Foundation Home loans panel?
Foundation Home loans’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Foundation Home loans will allow to act for them.
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 am purchasing a property and need a conveyancing solicitor in London who is on the Foundation Home loans approved. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Foundation Home loans . We don’t recommend any particular firm.
The firm that just started acting on my purchase in Newcastle has without warning closed. I only went with them because I needed a lawyer on the Foundation Home loans conveyancing panel and my previous lawyer was not. I paid them £200 on account. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Foundation Home loans conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
My ex -wife’s name is on the Foundation Home loans mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Foundation Home loans mortgage in order to sell?
As regards the Foundation Home loans mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Foundation Home loans in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
Foundation Home loans have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Foundation Home loans or your broker and complete any relevant paperwork. Foundation Home loans will tell you what documents they want. Foundation Home loans will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Foundation Home loans will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
Sometime soon me and my wife are purchasing a flat in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My brother-in-lawsuggested that we make sure that the solicitor in Hendon is on the Foundation Home loans panel. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing solicitors are on the Foundation Home loans conveyancing panel. 8 people a month use our search tool to locate a
Hendon conveyancing practitioner on the on the Foundation Home loans list of approved conveyancing firms.