Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Paragon Residential convincing 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.
- Non-compliance with the Paragon Residential panel requirements, 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.
- Your practice no longer meets the criteria to remain on the Paragon Residential conveyancing panel
- 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.
Paragon Residential panel reinstatement : You have questions, we have answers
- 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?
- Can this firm act for Paragon Residential while the application for reinstatement on the Paragon Residential panel is being progressed? How do I find out if our reinstatement appeal to the Paragon Residential panel is approved?
- Does my practice need to apply annually to be reinstated on the Paragon Residential conveyancing panel?
- Can we appeal if 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 ?
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.