Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- 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 adopt.
- Significant 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.
- Your firm fails to meet the criteria to remain on the Paragon Residential conveyancing panel
- 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.
- Missing deadline to reapply to remain on the Paragon Residential convincing panel
Paragon Residential panel reinstatement : questions that we get asked
- Is there a fee to be reinstated onto the Paragon Residential conveyancing panel?
- How long does the application process take when applying to revert back onto the Paragon Residential conveyancing panel?
- What will happen if our Paragon Residential panel reinstatement application is refused and the client of the firm has a mortgage offer with the Paragon Residential?
- Can you outline the application procedures to be reinstated onto the Paragon Residential conveyancing panel?
- Am I restricted as to the amount of occasions my firm can submit applications to get back 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.