Removal from the Topaz Finance and other lender panels: Why they do it and how to get reinstated
- Breaches of Topaz Finance conveyancing panel requirements
- Recurring delays in post completion requirements set by Topaz Finance
- Non-compliance with the Topaz Finance panel terms, the written instructions that Topaz Finance give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Topaz Finance may subsequently subscribe.
- Your firm no longer meets the criteria to remain on the Topaz Finance conveyancing panel
- Topaz Finance may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Answers to Frequently asked questions concerning Topaz Finance panel reinstatement
- Does my practice need to apply annually to be reinstated on the Topaz Finance conveyancing panel?
- Is there a cost to be reinstated onto the Topaz Finance conveyancing panel?
- What is the application procedures to be reinstated onto the Topaz Finance conveyancing panel?
- What happens if our Topaz Finance panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Topaz Finance?
- Can this firm act for Topaz Finance while the appeal for reinstatement on the Topaz Finance panel is being assessed? How do I find out if our reinstatement appeal to the Topaz Finance panel is approved?
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 appointed 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.