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Paragon Mortgages Ltd Conveyancing Panel: Recently Asked Questions
I am on the Paragon Mortgages Ltd conveyancing panel. Can I get an archived copy of a Paragon Mortgages Ltd Part 2 from the CML?
The Council of Mortgage Lenders do not retain duplicates of the Part 2's pre-December 2010. The CML recommend you contact Paragon Mortgages Ltd directly.
What can you suggest we do if we wish to appeal being removed from the
Paragon Mortgages Ltd solicitor panel?
Should you firm be removed from the
Paragon Mortgages Ltd conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact
Paragon Mortgages Ltd directly. (b) If there is an appeals process detailed on your letter you should follow the process.
In appealing a decision by Paragon Mortgages Ltd, it may be useful to provide the following information:
- Comprehensive disclosure of your firm’s transaction history
- A copy of your COMPLETIONmonitor reports if you use that service
- Your recent claims history
- comprehensive details of all employees in your practice and their position.
- Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
- Supply copy practising certificates, the firm's current professional indemnity policy and the firm’s accountant's certificate, confirming what % of the firm's gross fee income is resulting from residential conveyancing transactions
On appeal some conveyancing firms have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. The success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm is a ‘low risk’.
I understand that Paragon Mortgages Ltd could request or audit my files as I am on the
Paragon Mortgages Ltd conveyancing panel. Are there any confidentiality issues that I need to consider first?
We can't comment specifically on
Paragon Mortgages Ltd. Many major lenders are now introducing ‘file auditing’ as standard practice in relation to completed matters. This raises questions of confidentiality in relation to the borrower and the purpose to which the results of such audits will be put. The starting point is to remember that the file does not belong to your firm, it belongs to the ‘client’. But, of course, we will normally have two clients – the buyer and the lender - and you will owe a duty of confidentiality to each. So basically, you have to separate the file and just send the lender the parts solely relating to themselves. But, of course, as this will basically be correspondence with the lender, mortgage instructions etc.
Check with your COLP but a firm should not send the complete conveyancing file without the buyer client’s express consent – and if he is in arrears with the lender she is hardly likely to agree. However, if the lender can establish a prima facie case of fraud, then you may be under an obligation to disclose the whole file.
The emerging convention is that lenders are including an authority to disclose in loan application forms to counter this problem. Mortgage Express v Sawali, [2010] EWHC 3054 (Ch) indicates that such provisions are valid. Please click here for more information about that case.
Do banks such as
Paragon Mortgages Ltd engage a separate conveyancing panel for buy to let mortgages?
Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Paragon Mortgages Ltd as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Paragon Mortgages Ltd we suggest that you call
Paragon Mortgages Ltd to check the position.
Were are a Hendon-based firm on the Paragon Mortgages Ltd conveyancing panel. How can we advertise our practice as specialists in conveyancing in Hendon who can act for the borrower and Paragon Mortgages Ltd?
10 potential conveyancing clients search for a property lawyer on the Paragon Mortgages Ltd panel each month in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.
my firm’s membership of the
Paragon Mortgages Ltd conveyancing panel was revoked but was reinstated on appeal, do I need to include these details on my CQS application?
It would be advisable to supply details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your application but gives the CQS team a complete picture of what has happened.
I am on the
Paragon Mortgages Ltd
conveyancing panel and all set to complete a remortgage within the next few weeks. My papers do not include a Legal Charge for the client to execute.
Who do I contact at Paragon Mortgages Ltd to request substitute deeds?
You would be advised to contact Paragon Mortgages Ltd
to obtain standard documents. The CML Handbook includes a specific section for lenders to set out who to contact to obtain standard documents.
Paragon Mortgages Ltd in their Part 2’s state:
It is likely that you will need to disclose the firm’s Paragon Mortgages Ltd conveyancing panel number.
Find a Lawyer on the Paragon Mortgages Ltd Conveyancing Panel
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Average number of days to register title including a charge in favour of Paragon Mortgages Ltd
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | 41.8 |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Paragon Mortgages Ltd Firms
- Draft Report on Title precedent for Paragon Mortgages Ltd borrowers
- Draft Anti Money Laundering PolicyTemplate for Paragon Mortgages Ltd panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Paragon Mortgages Ltd lender panel
- Buy-to-Let help for Paragon Mortgages Ltd
- Consent-to-Let help for Paragon Mortgages Ltd
- Contractor Mortgages with Paragon Mortgages Ltd
