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Ready to buy a new home? Failing to check that a lawyer is on the Paragon list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Paragon Mortgages Ltd Conveyancing Panel
FAQs : The Paragon Mortgages Solicitor Panel
I instructed a solicitor to conveyancing on my house purchase 5 weeks ago having applied for a mortgage with Paragon Mortgages. The law firm assured me that they are on Paragon Mortgages conveyancing panel and gave me their panel reference. Paragon Mortgages then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the approved panel for Paragon Mortgages?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Paragon Mortgages as to how long they think it will take to get the firm to get back on the panel.
Much to my surprise my solicitor has informed me that he requires proof of ID documents asserting that this forms part of his retainer as a solicitor on the Paragon Mortgages Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Paragon Mortgages also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Paragon Mortgages CML Handbook requirements last updated on Paragon Mortgages
Do I have to pop into the offices of the Paragon Mortgages conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Leeds
so that I can attend their offices when needed.
Most conveyancing panel lawyers for Paragon Mortgages undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I would like to get my ex-wife taken off the mortgage deeds. Can Paragon Mortgages really tell me which solicitor I can or can not use?
You can use any solicitor you like but Paragon Mortgages then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Paragon Mortgages solicitors panel
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I plan to obtain a mortgage with Paragon Mortgages. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Paragon Mortgages involved you will need to appoint a solicitor on the Paragon Mortgages conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Paragon Mortgages. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Paragon Mortgages conveyancing panel.
I currently have a mortgage with with Paragon Mortgages. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Paragon Mortgages?
You must advise Paragon Mortgages in advance of renting your property as this is likely to be a breach of Paragon Mortgages’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Paragon Mortgages directly. It should not be necessary to do this via a Paragon Mortgages conveyancing panel solicitor.
After much negotiation I have agreed a price on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Paragon Mortgages conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Paragon Mortgages panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.