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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to act in accordance with the Paratus panel terms, 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.
- Failure to reapply to remain on the Paratus convincing panel
- Your firm fails to meet the criteria to remain on the Paratus conveyancing panel
- Breaches of Paratus conveyancing panel Terms and Conditions
Paratus Conveyancing Panel Reinstatement: Common Questions
- Can you outline the application procedures to be reinstated onto the Paratus conveyancing panel?
- Is there a limit to the number of times my law firm can submit applications to be reinstated on the Paratus conveyancing panel?
- Can we act for Paratus while the application for reinstatement on the Paratus panel is being reviewed? How do I find out if our reinstatement application to the Paratus panel is accepted?
- Is there a fee to revert back onto the Paratus conveyancing panel?
- Does my practice need to apply annually to remain on 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.