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

  • 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 adopt.
  • 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.
  • Significant delays in post completion requirements set by Paratus
  • Breaches of Paratus conveyancing panel requirements
  • Missing deadline to reapply to be on the Paratus convincing panel

Top questions concerning Paratus panel reinstatement

  • What is the application procedures to be reinstated onto the Paratus conveyancing panel?
  • Is there a cost to revert back onto the Paratus conveyancing panel?
  • What times frames are involved when applying to revert back onto the Paratus conveyancing panel?
  • Am I restricted as to the amount of times my law firm can apply to be reinstated on the Paratus conveyancing panel?
  • Is it possible to find out our application for reinstatement was turned down?

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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