Paratus Panel Removal - Help is at Hand

Removal from the Paratus and other lender panels: The causes of expulsion and how to get reinstated

  1. Missing deadline to reapply to be on the Paratus convincing panel
  2. Failure to act in accordance with the Paratus panel terms, the written instructions that Paratus give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paratus may subsequently subscribe.
  3. 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.
  4. Your law firm fails to meet the criteria to remain on the Paratus conveyancing panel
  5. Breaches of Paratus conveyancing panel requirements

Questions Paratus panel reinstatement firms ask us

  1. Am I restricted as to the number of times my practice can submit applications to be reinstated on the Paratus conveyancing panel?
  2. Does the COLP in my firm need to sign the reinstatement application to the Paratus panel ?
  3. What is the application protocol to revert back onto the Paratus conveyancing panel?
  4. What are the consequences if our Paratus panel reinstatement application is declined and our client has a mortgage application with the Paratus?
  5. Can this firm act for Paratus while the application for reinstatement on the Paratus panel is being processed? How do I discover if our reinstatement application to the Paratus panel is approved?

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.