Removal from the Topaz Finance and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Topaz Finance conveyancing panel
- 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 adopt.
- Breaches of Topaz Finance conveyancing panel requirements
- 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.
- Persistent non-compliance with post completion requirements on behalf of Topaz Finance
Common questions about Topaz Finance conveyancing panel reinstatement
- Is it the practice manager who is required to sign the reinstatement application to the Topaz Finance panel ?
- How often will this firm be required to re-apply to be reinstated on the Topaz Finance conveyancing panel?
- What times frames are involved when applying to revert back onto the Topaz Finance conveyancing panel?
- What will happen if our Topaz Finance panel reinstatement application is refused and the client of the firm has a mortgage application with the Topaz Finance?
- Do any avenues remain open if our reinstatement panel submission with Topaz Finance is refused?
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.