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.
- Recurring delays in registering a charge 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.
- Your firm no longer meets the criteria to remain on the Paratus conveyancing panel
- Failure to act in accordance with the Paratus panel requirements, 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.
- Breaches of Paratus conveyancing panel Terms and Conditions
Paratus Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to be reinstated onto the Paratus conveyancing panel?
- Is it possible to find out our application for reinstatement is turned down?
- Is there a fee to revert back onto the Paratus conveyancing panel?
- Can you outline the application process to revert back onto the Paratus conveyancing panel?
- Am I restricted as to the number of occasions my firm can submit applications to be reinstated 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 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.