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

  • Significant 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 be on the Paragon Residential convincing panel
  • Recurring delays in post completion requirements on behalf of Paragon Residential
  • Your law firm no longer meets the criteria to remain on the Paragon Residential conveyancing panel
  • Failure to act in accordance with the Paragon Residential panel terms, the written instructions that Paragon Residential give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paragon Residential may subsequently adopt.

Paragon Residential panel reinstatement : You have questions, we have answers

  • Is there a cost to be reinstated onto the Paragon Residential conveyancing panel?
  • What happens if our Paragon Residential panel reinstatement application is refused and our client has a mortgage application with the Paragon Residential?
  • How long does the application process take when applying to revert back onto the Paragon Residential conveyancing panel?
  • How do I discover why this practice’s application for reinstatement is declined?
  • Am I restricted as to the number of occasions my practice can apply 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.

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