Removal from the Paratus and other lender panels: Why they do it and how to get reinstated

  • 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.
  • Failure to reapply to remain on the Paratus convincing panel
  • Breaches of Paratus conveyancing panel requirements
  • 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 adopt.
  • Significant delays in post completion requirements on behalf of Paratus

Answers to Frequently asked questions concerning Paratus panel reinstatement

  • How often will this firm be required to re-apply to be reinstated on the Paratus conveyancing panel?
  • Is there a limit to the number of occasions my practice can submit applications to get back on the Paratus conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel application with Paratus is rejected?
  • Is there a charge to revert back onto the Paratus conveyancing panel?
  • How long does the application process take when applying to revert back 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.

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