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Paratus Conveyancing Panel: Recently Asked Questions
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Paratus solicitor panel?
There are many reports available, five of which are as follows:
- Analysis as to the nature of clients (e.g.existing/new/seen in person)
- Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
- Buy to Let transactions
- Average mortgage advance
I have been a qualified solicitor for over 25 years with a clean claims history and have been refused acceptance on the
Paratus conveyancing panel with no explanation. Am I not entitled to a reason?
For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the
Paratus conveyancing panel to see if you are entitled to a reason.
In conducting leasehold due diligence do
Paratus conveyancing panel lawyers need to examine whether there is an absentee freeholder?
On the basis that your practice in is on the
Paratus conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Paratus are to lend, they may require indemnity insurance. In any event,you will need to check
Paratus’s specific requirements. Notwithstanding whether
Paratus will lend in such circumstances you still need to advise the borrower (unless you are acting for
Paratus alone) as to the risks of buying a property with an insolvent or absentee landlord.
My lawyers pass me the odd LENDERmonitor email but I don't see that many important changes. For instance, I am on the
Paratus conveyancing panel and receive a notification simply telling me a change of address. Does that matter?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
Paratus solicitor panel. Is possible next month that Paratus change their requirements as to where their panel firm send the deeds.
Do you update the details in your case management system? Is this recorded anywhere? Is this information passed on to secretaries and assistants? By virtue of your COT Paratus you are giving assurances that you will forward the deeds within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are in breach of an undertaking in sending it to the wrong address, you run the risk of
Paratus suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
Our membership of the
Paratus conveyancing panel was revoked but was reinstated on appeal, do I need to include this information on my application for CQS accreditation?
You should 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 Law Society a complete picture of what has occured.
I am on the
Paratus
conveyancing panel and all set to complete a remortgage within the next week. My papers do not include a Legal Charge for the client to execute.
Who do I contact at Paratus to obtain duplicate documents?
You would be advised to contact Paratus
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an explicit section for banks to set out who to contact to obtain standard documents.
Paratus in their Part 2’s state:
Please remember to quote the firm’s Paratus conveyancing panel number.
Find a Lawyer on the Paratus Solicior Panel
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Average number of days to register title including a charge in favour of Paratus
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Paratus Firms
- Draft Report on Title precedent for Paratus borrowers
- Draft Anti Money Laundering PolicyTemplate for Paratus panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Paratus lender panel
- Buy-to-Let help for Paratus
- Consent-to-Let help for Paratus
- Contractor Mortgages with Paratus
