Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated

  • Breaches of Paragon Residential conveyancing panel Terms and Conditions
  • Failure to reapply to be on the Paragon Residential convincing panel
  • Recurring non-compliance with post completion requirements on behalf of Paragon Residential
  • Failure to act in accordance with the Paragon Residential panel terms, the written instructions that Paragon Residential give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paragon Residential may subsequently subscribe.
  • Paragon Residential 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.

Questions Paragon Residential panel reinstatement firms ask us

  • What are the next steps open to me if our Paragon Residential panel reinstatement application is turned down and our client has a mortgage offer with the Paragon Residential?
  • How often will this firm be required to re-apply to remain on the Paragon Residential conveyancing panel?
  • Can we appeal if our application for reinstatement was declined?
  • Am I restricted as to the amount of times my law firm can apply to be reinstated on the Paragon Residential conveyancing panel?
  • Who should complete the reinstatement application to the Paragon Residential panel ?

Top Tip: The best way to avoid the hassle of seeking Paragon Residential panel reinstatement is to ensure that your firm is not removed off of the Paragon Residential 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 Residential conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Paragon Residential directly or via their appointed 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 Residential conveyancing panel.

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