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approved by Topaz Finance
Ready to buy a new home? Failing to check that a lawyer is on the Topaz Finance list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Topaz Finance plc Conveyancing Panel
Common questions asked concerning the Topaz Finance Conveyancing Panel
The conveyancer my husband and I wanted to use for conveyancing on a purchase said he will levy higher legal fees if my lender is due to their difficult processes! Will I regret using Topaz Finance? Any comments will be appreciated
Topaz Finance conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Topaz Finance conveyancing panel. If they are not, this does add further risk of delay as Topaz Finance will appoint their own solicitors to look after their interest.
Our solicitor has uncovered a legal deficiency with the lease for the apartment we are purchasing. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the Topaz Finance conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Topaz Finance?
Just because you have a mortgage offer from Topaz Finance does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Topaz Finance are the client. These conveyancing instructions have to be complied with by the Topaz Finance conveyancing panel who has to balance acting for you and Topaz Finance
Your search tool is useful but there are many lawyers listed near Newcastle on the Topaz Finance conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Topaz Finance approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
The lawyers that I appointed last week on my house acquisition in Newcastle has suddenly shut down. They were on acting for me because I had to have a firm on the Topaz Finance conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Topaz Finance conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Topaz Finance conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
We were going to get a DIP from Topaz Finance this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Topaz Finance recommend a solicitor on the Topaz Finance conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Topaz Finance conveyancing panel. The solicitor represents both you and the Topaz Finance through the process.
My brother and I are acquiring a terraced house in Hendon. Conveyancing solicitors in Hendon are preferred to beretained. My friendsuggested that we make sure that the conveyancer in Hendon is on the Topaz Finance solicitors panel. Aren't all lawyers on the Topaz Finance panel?
A limited percentage of Hendon conveyancing solicitors are on the Topaz Finance conveyancing panel. Click here to search for a Hendon conveyancing practitioner on the on the Topaz Finance solicitors pane.