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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.

Find an Approved Solicitor on the Foundation Home Loans Conveyancing Panel

FAQs for the Foundation Home loans Conveyancing Panel

I am hoping to receive a offer of a mortgage from Foundation Home loans. I intend to use a Licensed Conveyancer. Does the Foundation Home loans Conveyancing panel exclude Licensed Conveyancers
Foundation Home loans’s approved solicitor list is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Please assist. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Foundation Home loans was date stamped random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer says that as she is on the Foundation Home loans conveyancing panel she needs to reorder the searches as they are no longer valid.
A precondition to being on the Foundation Home loans approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Foundation Home loans)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Foundation Home loans.
I am purchasing a flat and require a conveyancing solicitor in London who is on the Foundation Home loans approved. Could you point me in the right direction as regards a 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.
I am buying a right to buy flat and getting a mortgage with Foundation Home loans. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Foundation Home loans conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Foundation Home loans conveyancing panel in your location.
Is it the case that all solicitors on the Foundation Home loans conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Foundation Home loans conveyancing panel they would need to be regulated by the SRA. 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 can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Foundation Home loans on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Foundation Home loans conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Foundation Home loans. Unless your lawyer obtains specific confirmation in writing that Foundation Home loans will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Foundation Home loans to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Foundation Home loans are being problematic. The solicitor who is on the Foundation Home loans conveyancing panel is recommending indemnity insurance as a solution but Foundation Home loans are insisting on a building regulation certificate. Why do Foundation Home loans have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Foundation Home loans have referred the matter to their valuer. The reason why Foundation Home loans may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.