Removal from the Paratus and other lender panels: Why they do it and how to get reinstated
- Breaches of Paratus conveyancing panel Terms and Conditions
- 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.
- Persistent non-compliance with post completion requirements set by Paratus
- Persistent delays in registering security 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.
- Non-compliance 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.
Answers to Frequently asked questions concerning Paratus panel reinstatement
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the Paratus conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Paratus conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Paratus conveyancing panel?
- Can this firm act for Paratus while the application for reinstatement on the Paratus panel is being progressed? How do I find out if our reinstatement appeal to the Paratus panel is accepted?
- What is the application process to be reinstated onto the Paratus conveyancing panel?
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.