Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Paragon Residential conveyancing panel
- 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.
- Recurring non-compliance with post completion requirements set by Paragon Residential
- 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.
- Failure to reapply to remain on the Paragon Residential convincing panel
Paragon Residential Conveyancing Panel Reinstatement: Common Questions
- What are the consequences if our Paragon Residential panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Paragon Residential?
- What are our options if our reinstatement panel submission with Paragon Residential is refused?
- Can we appeal if our application for reinstatement was refused?
- Does my practice need to apply annually to remain on the Paragon Residential conveyancing panel?
- What is the application procedures to revert back 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 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.