Removal from the Topaz Finance and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering security 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.
- Persistent non-compliance with post completion requirements set by Topaz Finance
- 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.
- Failure to reapply to remain on the Topaz Finance convincing panel
- Failure to act in accordance with the Topaz Finance panel requirements, 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.
Frequently asked questions concerning Topaz Finance panel reinstatement
- Is there a fee to be reinstated onto the Topaz Finance conveyancing panel?
- What times frames are involved when applying to revert back onto the Topaz Finance conveyancing panel?
- Can you outline the application procedures to revert back onto the Topaz Finance conveyancing panel?
- What happens if our Topaz Finance panel reinstatement application is refused and the client of the firm has a mortgage application with the Topaz Finance?
- How do I discover why my firm’s application for reinstatement was turned down?
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.