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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.
Looking for information about your firm's panel status?How does my firm apply to be on the Topaz Finance plc Conveyancing Panel? How can my firm be reinstated onto the Topaz Finance plc Conveyancing Panel?
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Topaz Finance Conveyancing Panel : Questions and Answers
My financial adviser has says he needs my solicitor’s panel member for the Topaz Finance conveyancing panel. How do I find this out. I have contacted my local Topaz Finance branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Topaz Finance panel reference.
We are approaching an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Topaz Finance. Apparently, being on the Topaz Finance conveyancing panel and acting on their behalf he must inform Topaz Finance if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Topaz Finance to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Topaz Finance if you agree, failing which, your lawyer must cease to continue acting.
I need to find a Topaz Finance panel solicitor in Stirling. Could you help me?
It is not clear why you need a Topaz Finance panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Topaz Finance to find out which solicitors in Topaz Finance are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
My conveyancers in Liverpool have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Topaz Finance. Is it case that being on the Topaz Finance conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Topaz Finance Conveyancing Panel Terms. It might be worth you contacting Topaz Finance directly.
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 membership however gives 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.
When it comes to lenders such as Topaz Finance do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Do conveyancing solicitors on the Topaz Finance conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package