Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Paragon Residential may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Failure to reapply to remain on the Paragon Residential convincing panel
- Breaches of Paragon Residential conveyancing panel requirements
- Non-compliance 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.
- Your law firm fails to meet the criteria to remain on the Paragon Residential conveyancing panel
Paragon Residential Conveyancing Panel Reinstatement: Common Questions
- Are you able to explain why this practice’s application for reinstatement is declined?
- Can we act for Paragon Residential while the appeal for reinstatement on the Paragon Residential panel is being processed? How do I discover if our reinstatement appeal to the Paragon Residential panel is accepted?
- What are our options if our reinstatement panel submission with Paragon Residential is declined?
- What are the consequences if our Paragon Residential panel reinstatement application is declined and our client has a mortgage application with the Paragon Residential?
- Is there a limit to the number of occasions my law firm can submit applications to be reinstated on the Paragon Residential conveyancing 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.