Removal from the Paragon Mortgages Ltd and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security on behalf of Paragon Mortgages Ltd Delays or failure to register the Paragon Mortgages Ltd charge may result in referral to external lawyers of Paragon Mortgages Ltd to complete outstanding requirements.
- Breaches of Paragon Mortgages Ltd conveyancing panel requirements
- Your firm no longer meets the criteria to remain on the Paragon Mortgages Ltd conveyancing panel
- Failure to reapply to remain on the Paragon Mortgages Ltd convincing panel
- Failure to act in accordance with the Paragon Mortgages Ltd panel terms, the written instructions that Paragon Mortgages Ltd give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paragon Mortgages Ltd may subsequently subscribe.
Frequently asked questions concerning Paragon Mortgages Ltd panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the Paragon Mortgages Ltd panel ?
- How long does the application process take when applying to revert back onto the Paragon Mortgages Ltd conveyancing panel?
- Are you able to explain why our application for reinstatement was refused?
- Can we act for Paragon Mortgages Ltd while the appeal for reinstatement on the Paragon Mortgages Ltd panel is being reviewed? How do I know if our reinstatement application to the Paragon Mortgages Ltd panel is accepted?
- What are the next steps open to me if our Paragon Mortgages Ltd panel reinstatement application is refused and the client of the firm has a mortgage offer with the Paragon Mortgages Ltd?
Top Tip: The best way to avoid the hassle of seeking Paragon Mortgages Ltd panel reinstatement is to ensure that your firm is not removed off of the Paragon Mortgages Ltd conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Paragon Mortgages Ltd conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Paragon Mortgages Ltd directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Paragon Mortgages Ltd conveyancing panel.