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.
- Recurring 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.
- Recurring non-compliance with post completion requirements set by Topaz Finance
- Breaches of Topaz Finance conveyancing panel requirements
Top questions concerning Topaz Finance panel reinstatement
- What are the consequences if our Topaz Finance panel reinstatement application is refused and our client has a mortgage offer with the Topaz Finance?
- Is there a limit to the number of times my law firm can submit applications to be reinstated on the Topaz Finance conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is refused?
- Can we 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 application to the Topaz Finance panel is approved?
- Is it the practice manager who is required to complete the reinstatement application to the Topaz Finance 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 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.