Removal from the Paratus and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Paratus conveyancing panel
- Paratus 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.
- Significant delays in post completion requirements on behalf of Paratus
- Missing deadline to reapply to be on the Paratus convincing panel
- Breaches of Paratus conveyancing panel requirements
Common questions about Paratus conveyancing panel reinstatement
- What are the next steps open to me if our Paratus panel reinstatement application is refused and the client of the firm has a mortgage application with the Paratus?
- Please can you set out the application process to revert back onto the Paratus conveyancing panel?
- Are you able to explain why our application for reinstatement is turned down?
- Can we act for Paratus while the appeal for reinstatement on the Paratus panel is being progressed? How do I know if our reinstatement appeal to the Paratus panel is accepted?
- What are our options if my firm’s reinstatement panel application with Paratus is turned down?
Top Tip: The best way to avoid the hassle of seeking Paratus panel reinstatement is to ensure that your firm is not removed off of the Paratus 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 Paratus conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Paratus 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 Paratus conveyancing panel.