Looking for information about your firm's panel status?
Paragon Mortgages Ltd Conveyancing Panel: Recently Asked Questions
Can a firm submit a complaint to the CML about being removed from the Paragon Mortgages Ltd conveyancing panel?
The CML is not a regulator and therefore will not advise on complaints against lenders. You can of course contact Lexsure to see if we can help.
Do you have any idea what Lenders such as
Paragon Mortgages Ltd are asking for when it comes to applying to be on their approved solicitor list?
Criteria differ from lender to lender.
We do not hold specific requirements relating to the questions raised as part of the application to be on the
Paragon Mortgages Ltd conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
purchase and remortgage)
List of all those staff who work within the conveyancing team
top-up split and history of any refusals
Whether any lender has ever made a claim against the firm’s PII cover
Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)
Number of lender conveyancing panels the firm is currently on
Areas of Law covered by the firm
Number of partners per branch of the firm
List of fee-earners who are foreign qualified
Full disciplinary history for each conveyancing solicitor
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of lender panels including the
Paragon Mortgages Ltd conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Do I disclose these these Terms ?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations.
You have to try and take an objective view as to whether the Terms relating to the
Paragon Mortgages Ltd conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
My post-completion clerk has resigned on short notice.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Paragon Mortgages Ltd once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Paragon Mortgages Ltd?
Paragon Mortgages Ltd will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Paragon Mortgages Ltd conveyancing panel.
my firm’s membership of the
Paragon Mortgages Ltd conveyancing panel was suspended but was reinstated on appeal, do I need to disclose this information on my application for CQS accreditation?
We would recommend that you 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 negatively affect your application but gives the CQS team viability as to what has gone on.
I am on the
Paragon Mortgages Ltd
conveyancing panel and due to complete a purchase within the next few weeks. I can not locate a Legal Charge for the client to sign.
Who do I contact at Paragon Mortgages Ltd to obtain duplicate documents?
You need to get in touch with Paragon Mortgages Ltd
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual section for banks to establish who to contact to obtain standard documents.
Paragon Mortgages Ltd in their Part 2’s state:
It is likely that you will need to quote your Paragon Mortgages Ltd conveyancing panel reference.
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* |
|---|---|
| 2024 | [no data] |
| 2023 | 41.8 |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
| 2019 | [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
