Removal from the Paratus and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Paratus
- 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.
- Breaches of Paratus conveyancing panel requirements
- 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Paratus may subsequently subscribe.
How can we assist? Paratus panel reinstatement questions
- Is there a fee to be reinstated onto the Paratus conveyancing panel?
- Can this firm act for Paratus while the application for reinstatement on the Paratus panel is being reviewed? How do I discover if our reinstatement appeal to the Paratus panel is approved?
- How often will this firm be required to re-apply to be reinstated on the Paratus conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with Paratus is turned down?
- Is it the practice manager who is required to complete the reinstatement application to the Paratus 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.