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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 : The Foundation Home loans Conveyancing Panel
My property lawyer is not on the Foundation Home loans Approved Panel. Is it possible for me to use my family solicitor even though they are excluded from the Foundation Home loans panel?
You have a number of options available to you here:
- Complete the purchase with your preferred solicitors but Foundation Home loans will need to instruct a lawyer on the Foundation Home loans conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Foundation Home loans conveyancing panel.
- Urge your lawyer to apply to join the Foundation Home loans lender panel
can you help? My solicitor is informing me me that he has to apply for a Local Authority search because the firm are on the Foundation Home loans conveyancing panel. Do I not have a choice here?
You have limited options available to you. Given that you are taking out a loan with Foundation Home loans your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Foundation Home loans’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Foundation Home loans. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am purchasing a flat and need a conveyancing solicitor in Leeds 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.
The firm that I recently instructed on my house acquisition in Hendon has without warning shut down. I chose them because I needed a solicitor on the Foundation Home loans conveyancing panel and my previous lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know 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 should be in a position to assist
My wife and I have arranged a further advance on our mortgage from Foundation Home loans as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Foundation Home loans conveyancing panel to deal with the paperwork?
Foundation Home loans would not normally appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Foundation Home loans panel
After shopping around on the internet I have found a solicitor having checked that they are on the Foundation Home loans conveyancing panel. Does my lawyer arrange the survey of the property?
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Having read lots of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Foundation Home loans conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Foundation Home loans will need an independent valuation of the property. Your lawyer will not arrange this. Usually Foundation Home loans will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Foundation Home loans you could contact your them to see if they have a list of approved surveyors.
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.