Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Breaches of Paragon Residential conveyancing panel requirements
- 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 subscribe.
- 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.
- Missing deadline to reapply to be on the Paragon Residential convincing panel
- 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.
FAQs : Paragon Residential Conveyancing panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel application with Paragon Residential is refused?
- How long does the application process take when applying to be reinstated onto the Paragon Residential conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Paragon Residential conveyancing panel?
- Can this firm act for Paragon Residential while the appeal for reinstatement on the Paragon Residential panel is being progressed? How do I discover if our reinstatement appeal to the Paragon Residential panel is approved?
- What happens if our Paragon Residential panel reinstatement application is refused and our client has a mortgage application 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 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.