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

  • Missing deadline to reapply to remain on the Paragon Residential convincing panel
  • Recurring non-compliance with post completion requirements on behalf of Paragon Residential
  • Non-compliance 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 subscribe.
  • 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.
  • 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.

Answers to Frequently asked questions concerning Paragon Residential panel reinstatement

  • What is the application protocol to revert back onto the Paragon Residential conveyancing panel?
  • What times frames are involved when applying to revert back onto the Paragon Residential conveyancing panel?
  • What are the consequences if our Paragon Residential panel reinstatement application is rejected and our client has a mortgage offer with the Paragon Residential?
  • Who should sign the reinstatement application to the Paragon Residential panel ?
  • Is there a cost 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.

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