Removal from the Paragon Mortgages Ltd and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring non-compliance with post completion requirements on behalf of Paragon Mortgages Ltd
- Persistent delays in registering a charge 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.
- Your law firm no longer meets the criteria to remain on the Paragon Mortgages Ltd conveyancing panel
- Failure to act in accordance with the Paragon Mortgages Ltd panel requirements, the written instructions that Paragon Mortgages Ltd provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paragon Mortgages Ltd may subsequently adopt.
Paragon Mortgages Ltd panel reinstatement : questions that we get asked
- Can you outline the application protocol to revert back onto the Paragon Mortgages Ltd conveyancing panel?
- Is there a cost to be reinstated onto the Paragon Mortgages Ltd conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Paragon Mortgages Ltd conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Paragon Mortgages Ltd panel ?
- Can we act for Paragon Mortgages Ltd while the application for reinstatement on the Paragon Mortgages Ltd panel is being assessed? How do I discover if our reinstatement appeal to the Paragon Mortgages Ltd panel is accepted?
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.