Paragon Mortgages Ltd Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a tool.

The Council of Mortgage Lender requirements of Paragon Mortgages Ltd are silent on this. Most lenders address the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Paragon Mortgages Ltd’s interest. To be absolutely sure of Paragon Mortgages Ltd requirements in this regard please check the Terms and Conditions of Paragon Mortgages Ltd’s conveyancing panel acceptance.

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 firm’s application but gives the Law Society a complete picture of what has happened.

You should communicate with Paragon Mortgages Ltd to obtain standard documents. The The Council of Mortgage Lenders Handbook has an individual inquiry for lenders to enumerate who to contact to obtain standard documents. Paragon Mortgages Ltd in their Part 2’s state: Don’t forget to quote your Paragon Mortgages Ltd conveyancing panel reference.