Paragon Mortgages Ltd Conveyancing Panel Information

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):

top-up split and history of any refusals

Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)

Areas of Law covered by the firm

Number of partners per branch of the firm

The percentage of the firm’s business which is conveyancing (broken down into sale

Number of lender conveyancing panels the firm is currently on

List of fee-earners who are foreign qualified

Full disciplinary history for each conveyancing solicitor

List of all those staff who work within the conveyancing team

Whether any lender has ever made a claim against the firm’s PII cover

The key here is the caveat ‘more onerous’. 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 completing the answer.

When a solicitor is acting for both Paragon Mortgages Ltd and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Paragon Mortgages Ltd and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Paragon Mortgages Ltd the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Paragon Mortgages Ltd conveyancing panel status.

11 people attempt to locate a conveyancer on the Paragon Mortgages Ltd panel every 4 weeks in Hendon. The lenderpanel directory service team who will show you how your firm can be found by those searching for conveyancing in Hendon.

We would recommend that you provide 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 Law Society a complete picture of what has gone on.

You would be advised to contact Paragon Mortgages Ltd to obtain standard documents. The CML Handbook contains an express section for lenders to cite 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 solicitors panel number.