Removal from the Paragon Mortgages Ltd and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements set by Paragon Mortgages Ltd
- Breaches of Paragon Mortgages Ltd conveyancing panel requirements
- Paragon Mortgages Ltd may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Missing deadline to reapply to be on the Paragon Mortgages Ltd convincing panel
- Non-compliance with the Paragon Mortgages Ltd panel requirements, 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.
Answers to Frequently asked questions concerning Paragon Mortgages Ltd panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Paragon Mortgages Ltd conveyancing panel?
- Can we act for Paragon Mortgages Ltd while the appeal for reinstatement on the Paragon Mortgages Ltd panel is being progressed? How do I find out if our reinstatement appeal to the Paragon Mortgages Ltd panel is accepted?
- Is there a cost to revert back onto the Paragon Mortgages Ltd conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Paragon Mortgages Ltd is declined?
- Are you able to explain why our application for reinstatement is turned down?
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.