Removal from the Paratus and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Paratus convincing panel
- Breaches of Paratus conveyancing panel Terms and Conditions
- 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.
- Your firm no longer meets the criteria to remain on the Paratus conveyancing panel
- Recurring non-compliance with post completion requirements on behalf of Paratus
Common questions about Paratus conveyancing panel reinstatement
- What happens if our Paratus panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Paratus?
- Does the COLP in my firm need to complete the reinstatement application to the Paratus panel ?
- Can you outline the application process to revert back onto the Paratus conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Paratus is declined?
- Is it possible to find out our application for reinstatement is refused?
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 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 Paratus conveyancing panel.