Removal from the Paragon Residential and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Paragon Residential conveyancing panel
- Non-compliance with the Paragon Residential panel requirements, 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 adopt.
- Missing deadline to reapply to be on the Paragon Residential convincing panel
- Recurring non-compliance with post completion requirements set by Paragon Residential
- Recurring 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.
Common questions about Paragon Residential conveyancing panel reinstatement
- Am I restricted as to the number of times my law firm can submit applications to be reinstated on the Paragon Residential conveyancing panel?
- What are the consequences if our Paragon Residential panel reinstatement application is refused and our client has a mortgage application with the Paragon Residential?
- Who should complete the reinstatement application to the Paragon Residential panel ?
- What times frames are involved when applying to revert back onto the Paragon Residential conveyancing panel?
- Is it possible to find out our application for reinstatement is declined?
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.