Removal from the Topaz Finance and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of Topaz Finance
- Non-compliance with the Topaz Finance panel terms, the written instructions that Topaz Finance provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Topaz Finance may subsequently adopt.
- Persistent delays in registering a charge on behalf of Topaz Finance Delays or failure to register the Topaz Finance charge may result in referral to external lawyers of Topaz Finance to complete outstanding requirements.
- Breaches of Topaz Finance conveyancing panel Terms and Conditions
- Your practice fails to meet the criteria to remain on the Topaz Finance conveyancing panel
Answers to Frequently asked questions concerning Topaz Finance panel reinstatement
- Is there a limit to the amount of times my practice can submit applications to get back on the Topaz Finance conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Topaz Finance panel ?
- Do any avenues remain open if our reinstatement panel application with Topaz Finance is declined?
- How do I discover why our application for reinstatement was refused?
- Please can you set out the application protocol to revert back onto the Topaz Finance conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Topaz Finance panel reinstatement is to ensure that your firm is not removed off of the Topaz Finance conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Topaz Finance conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Topaz Finance directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Topaz Finance conveyancing panel.