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
  • Persistent 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.
  • 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 non-compliance with post completion requirements set by Paratus
  • Failure to act in accordance 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 panel reinstatement : You have questions, we have answers

  • How do I discover why our application for reinstatement was turned down?
  • What are the next steps open to me if our Paratus panel reinstatement application is declined and the client of the firm has a mortgage application with the Paratus?
  • Is there a limit to the number of times my law firm can submit applications to get back on the Paratus conveyancing panel?
  • How long does the application process take when applying to be reinstated onto the Paratus conveyancing panel?
  • Does my practice need to apply annually 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 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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