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

  • 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.
  • Your law firm fails to meet the criteria to remain on the Paragon Residential conveyancing panel
  • Significant non-compliance with post completion requirements set by Paragon Residential
  • Failure to reapply to remain on the Paragon Residential convincing panel
  • Persistent 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.

Top questions concerning Paragon Residential panel reinstatement

  • How long does the application process take when applying to revert back onto the Paragon Residential conveyancing panel?
  • Can you outline the application process to revert back onto the Paragon Residential conveyancing panel?
  • Is it possible to find out my firm’s application for reinstatement is rejected?
  • Is it the practice manager who is required to complete the reinstatement application to the Paragon Residential panel ?
  • What happens if our Paragon Residential panel reinstatement application is refused and the client of the firm has a mortgage offer with the Paragon Residential?

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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