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

  • Your law firm no longer meets the criteria to remain on the Paratus conveyancing panel
  • Breaches of Paratus conveyancing panel Terms and Conditions
  • Persistent delays in post completion requirements set by Paratus
  • Persistent 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.
  • 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.

Paratus panel reinstatement : You have questions, we have answers

  • What times frames are involved when applying to revert back onto the Paratus conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel submission with Paratus is rejected?
  • How do I discover why our application for reinstatement is rejected?
  • Am I restricted as to the number of occasions my practice can submit applications to be reinstated on the Paratus conveyancing panel?
  • How often will this firm be required to re-apply 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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