Paragon Residential Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Paragon Residential’s changes. Notwithstanding that using this technology is not a condition for acceptance on the Paragon Residential panel, demonstrating you can remain up to date with Paragon Residential’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Paragon Residential

Banks and building societies often change 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, over time:

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.

To find out more about lender panel compliance,

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Paragon Mortgages Conveyancing Panel : Questions and Answers from members of the public

My Solicitor is not on the Paragon Mortgages Approved Panel. Is it possible for me to use my preferred solicitor notwithstanding that they are not on the Paragon Mortgages list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Paragon Mortgages mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Paragon Mortgages conveyancing panel additional costs will be incurred as separate legal representation will be required by Paragon Mortgages. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Paragon Mortgages will not agree to this. Why was Paragon Mortgages even consulted?
Your lawyer being on the Paragon Mortgages conveyancing panel is duty bound to inform Paragon Mortgages of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Paragon Mortgages then they would have to discontinue acting for you and Paragon Mortgages.
Your search tool is useful but there are many lawyers listed near Coventry on the Paragon Mortgages conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Paragon Mortgages approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I was supposed to move into my flat yesterday. My lawyer’s firm is on the Paragon Mortgages solicitors panel but has changed address 8 weeks ago and had not advised Paragon Mortgages of their new address. Paragon Mortgages has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Paragon Mortgages branch or your mortgage broker to see if they can assist.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Paragon Mortgages conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however is 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 remain on their approved list of conveyancing solicitors.
How can we tell if a solicitor on the Paragon Mortgages panel is any good?
obtaining recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your transaction
I have agreed a price on a flat I spoke to a conveyancer recommended by my mum and he suggested retaining a law firm approved by Paragon Mortgages. The estate agent recommended two local firms so I asked Paragon Mortgages if the 2 suggested solicitors are approved, which they are not. Paragon Mortgages pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Paragon Mortgages 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Paragon Mortgages for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Paragon Mortgages conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Paragon Mortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet Paragon Mortgages’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.