Removal from the Topaz Finance and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Topaz Finance conveyancing panel requirements
- Recurring delays in post completion requirements set by Topaz Finance
- Non-compliance with the Topaz Finance panel requirements, 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.
- Your law firm no longer meets the criteria to remain on the Topaz Finance conveyancing panel
Frequently asked questions concerning Topaz Finance panel reinstatement
- Is there a limit to the amount of times my practice can submit applications to be reinstated on the Topaz Finance conveyancing panel?
- What is the application process to revert back onto the Topaz Finance conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Topaz Finance panel ?
- Can we appeal if my firm’s application for reinstatement is refused?
- Can we act for Topaz Finance while the appeal for reinstatement on the Topaz Finance panel is being reviewed? How do I know if our reinstatement appeal to the Topaz Finance panel is accepted?
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.