Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Your practice no longer meets the criteria to remain on the Paragon Residential conveyancing panel
- Persistent non-compliance with post completion requirements set by Paragon Residential
- Non-compliance with the Paragon Residential panel terms, 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.
Paragon Residential panel reinstatement : questions that we get asked
- Is there a cost to revert back onto the Paragon Residential conveyancing panel?
- What will happen if our Paragon Residential panel reinstatement application is turned down and the client of the firm has a mortgage application with the Paragon Residential?
- How long does the application process take when applying to be reinstated onto the Paragon Residential conveyancing panel?
- Does my practice need to apply annually to remain on the Paragon Residential conveyancing panel?
- Can we act for Paragon Residential while the application for reinstatement on the Paragon Residential panel is being assessed? How do I find out if our reinstatement appeal to the Paragon Residential panel is accepted?
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.