Removal from the Paratus and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Paratus panel requirements, the written instructions that Paratus provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paratus may subsequently subscribe.
- Paratus 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 on behalf of Paratus
- Recurring delays in registering a charge on behalf of Paratus Delays or failure to register the Paratus charge may result in referral to external lawyers of Paratus to complete outstanding requirements.
- Failure to reapply to remain on the Paratus convincing panel
How can we assist? Paratus panel reinstatement questions
- Is there a fee to be reinstated onto the Paratus conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Paratus is turned down?
- Am I restricted as to the amount of times my firm can apply to get back on the Paratus conveyancing panel?
- Please can you set out the application process to be reinstated onto the Paratus conveyancing panel?
- What are the consequences if our Paratus panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Paratus?
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.