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

  • Your law firm no longer meets the criteria to remain on the Paragon Residential conveyancing panel
  • 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.
  • Breaches of Paragon Residential conveyancing panel requirements
  • Persistent delays in registering a charge 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.
  • Missing deadline to reapply to remain on the Paragon Residential convincing panel

Top questions concerning Paragon Residential panel reinstatement

  • How long does the application process take when applying to revert back onto the Paragon Residential conveyancing panel?
  • Does my practice need to apply annually to remain on the Paragon Residential conveyancing panel?
  • Do any avenues remain open if our reinstatement panel submission with Paragon Residential is turned down?
  • Is there a charge to revert back onto the Paragon Residential conveyancing panel?
  • Can we appeal if our application for reinstatement was refused?

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.

Related Pages