Paragon Residential Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This system assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Paragon Residential’s changes. While utilising the software is not a condition for acceptance on the Paragon Residential panel, demonstrating you can stay up to date with Paragon Residential’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel status.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Paragon Residential

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Paragon Residential are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Paragon Residential has made 9 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 303.3 days. In total, 4% of the sections of P2 of the UK Finance Lenders’ Handbook for Paragon Residential have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 29/04/2019 CML
New Build Conveyancing
Paragon Mortgages Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.7.1 20/08/2018 CML
New Build Conveyancing
Paragon Mortgages Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
5.4.6 30/10/2017 CML
Conveyancing Searches: Search Insurance
Paragon Mortgages Ltd approved lawyers clarification as to whether they accept search insurance and, if yes, the Paragon Mortgages Ltd requirements
Local Search Indemnity Insurance
Lender Name 09/10/2017 CML
Lender Name
1.11a 09/10/2017 CML
General Mortgage Instructions
Contact details at Paragon Mortgages Ltd for approved lawyers to obtain mortgage documentation
14.2.2 09/10/2017 CML
Post Completion Conveyancing
Which documents should approved lawyersfor Paragon Mortgages Ltd send the title deeds and documents following completion?
5.8.1 09/10/2017 CML
Freehold and leasehold owner of multiple flats
Paragon Mortgages Ltd approved lawyers clarification as to whether they accept security which comprises a building converted into not more than four flats where the borrower occupies one of those flats and the borrower or another flat owner also owns the freehold of the building and the other flats are subject to long leases?
6.4.4 09/10/2017 CML
Disclosing Incentives
Paragon Mortgages Ltd approved lawyers additional requirements concerning reporting incentives
14.1.5 09/10/2017 CML
Post Completion Conveyancing
Does the Paragon Mortgages Ltd need to be sent the original mortgage deed and/or any other original title documents by their conveyancing panel ?

Last update 09/07/2019

Examples of recent questions relating to the Paragon Mortgages Solicitor Panel from members of the public

My mortgage broker has has requested my law firm’s panel reference for the Paragon Mortgages conveyancing panel. Can you suggest how I find this out. I have called my local Paragon Mortgages branch but they don't know it.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Paragon Mortgages.
Our conveyancer has uncovered a legal deficiency with the lease for the property we are buying. The other side have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that as he is on the Paragon Mortgages conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Paragon Mortgages?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Paragon Mortgages are the client. A precondition to being on the Paragon Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Paragon Mortgages). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Paragon Mortgages can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am looking to buy a house and need a conveyancing solicitor in London who is on the Paragon Mortgages approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Paragon Mortgages . We don’t recommend any particular firm.
My uncle passed away 10 months ago and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Paragon Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Paragon Mortgages will insist on your using a conveyancer on the Paragon Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Paragon Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Paragon Mortgages mortgage is registered as a charge at the Land Registry.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Paragon Mortgages conveyancing panel?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
We are getting a further advance on our mortgage from Paragon Mortgages as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Paragon Mortgages conveyancing panel to deal with the legals?
Paragon Mortgages do not ordinarily instruct a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Paragon Mortgages panel
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Paragon Mortgages?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Paragon Mortgages conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Paragon Mortgages and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.