Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Paragon Residential conveyancing panel
- 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.
- Missing deadline to reapply to be on the Paragon Residential convincing panel
- Breaches of Paragon Residential conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements set by Paragon Residential
Frequently asked questions concerning Paragon Residential panel reinstatement
- Am I restricted as to the amount of times my practice can submit applications to get back on the Paragon Residential conveyancing panel?
- Is there a fee to revert back onto the Paragon Residential conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Paragon Residential conveyancing panel?
- Can we act for Paragon Residential while the appeal for reinstatement on the Paragon Residential panel is being progressed? How do I discover if our reinstatement application to the Paragon Residential panel is approved?
- What times frames are involved when applying to be reinstated onto 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 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 Residential conveyancing panel.