Topaz Finance Conveyancing Panel Information

The criteria to join the Topaz Finance conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

One might ordinarily expect Topaz Finance via their Part 2 conditions to address this but the Handbook is silent on time frames. You need to look at the Terms of Topaz Finance’s Conveyancing Panel Appointment that you are bound by. For many lender's these Terms contain a provision along the following lines: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Topaz Finance informed. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

With mortgage companies and conveyancing firms working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Topaz Finance conveyancing panel but for all lender panel listings

Your insurance brokers are your best port of call to address this question. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Topaz Finance solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to get in touch with Topaz Finance to obtain standard documents. The CML Handbook incorporates an express question for banks to establish who to contact to obtain standard documents. Topaz Finance in their Part 2’s state: It is likely that you will need to quote the firm’s Topaz Finance solicitors panel reference.