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

  • Your practice no longer meets the criteria to remain on the Paragon Residential conveyancing panel
  • Failure to reapply to be on the Paragon Residential convincing panel
  • Recurring delays in registering security on behalf of Paragon Residential Delays or failure to register the Paragon Residential charge may result in referral to external lawyers of Paragon Residential to complete outstanding requirements.
  • 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.
  • Failure to act in accordance with the Paragon Residential panel requirements, the written instructions that Paragon Residential provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paragon Residential may subsequently subscribe.

Questions Paragon Residential panel reinstatement firms ask us

  • How often will this firm be required to re-apply to be reinstated on the Paragon Residential conveyancing panel?
  • Is it the practice manager who is required to complete the reinstatement application to the Paragon Residential panel ?
  • Is there a cost to be reinstated onto the Paragon Residential conveyancing panel?
  • How do I discover why my firm’s application for reinstatement was declined?
  • Can we act for Paragon Residential while the appeal for reinstatement on the Paragon Residential panel is being reviewed? How do I discover if our reinstatement appeal to the Paragon Residential panel is approved?

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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