Removal from the Paratus and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Paratus convincing panel
- 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.
- Significant 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.
- Persistent delays in post completion requirements on behalf of Paratus
- Breaches of Paratus conveyancing panel Terms and Conditions
Paratus Conveyancing Panel Reinstatement: Common Questions
- Is the door firmly shut if our reinstatement panel submission with Paratus is turned down?
- 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 firm can submit applications to be reinstated on the Paratus conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is refused?
- Please can you set out 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 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.