Paragon Mortgages Ltd Conveyancing Panel Information

The CML is an association rather than a regulator and therefore cannot advise on complaints against lenders. You can of course contact Lexsure to see if we can help.

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

Lexsure only know of a couple of banks that operate a distinct approved solicitors panel where the mortgage advance is over a certain amount. You should nevertheless check directly with Paragon Mortgages Ltd. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Paragon Mortgages Ltd

During 2013, 69 sections of the UK Finance Lenders’ Handbook P2 were changed by Paragon Mortgages Ltd. Some changes are more important than others but as a firm on the Paragon Mortgages Ltd conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

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 negatively affect your application but gives the CQS team viability as to what has gone on.

You should communicate with Paragon Mortgages Ltd to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express section for banks to establish who to contact to obtain standard documents. Paragon Mortgages Ltd in their Part 2’s state: You will need to disclose your Paragon Mortgages Ltd solicitors panel reference.