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

  • Breaches of Paratus conveyancing panel Terms and Conditions
  • Failure to act in accordance with the Paratus panel terms, the written instructions that Paratus provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paratus may subsequently subscribe.
  • Failure to reapply to be on the Paratus convincing panel
  • Recurring 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.
  • Your firm no longer meets the criteria to remain on the Paratus conveyancing panel

Top questions concerning Paratus panel reinstatement

  • Can this firm act for Paratus while the application for reinstatement on the Paratus panel is being progressed? How do I discover if our reinstatement application to the Paratus panel is accepted?
  • Who should complete the reinstatement application to the Paratus panel ?
  • Is there a limit to the number of times my practice can apply to be reinstated on the Paratus conveyancing panel?
  • What are the consequences if our Paratus panel reinstatement application is rejected and the client of the firm has a mortgage application with the Paratus?
  • Is there a charge to revert back 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 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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