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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

Q and A’s regarding the Topaz Finance Solicitor Panel

My fiance and I are purchasing a 1 bedroom apartment in Hackney with a mortgage from Topaz Finance. We would like to retain our solicitor but Topaz Finance says she’s not on their "panel". It seems we have little choice but to instruct one of the Topaz Finance panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Topaz Finance conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Topaz Finance
My conveyancer has spotted a difference when comparing the assumptions in Topaz Finance’s home valuation survey and what is revealed within the legal papers for the property. My lawyer says that as he is on the Topaz Finance conveyancing panel he must check that the bank is happy with this discrepancy and is content go ahead. Is my conveyancer’s course or action appropriate?
A precondition to being on the Topaz Finance approved panel is to comply with the CML Handbook requirements (last updated for this lender on Topaz Finance) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Topaz Finance conveyancing panel. My lawyer has said that they are on the Topaz Finance approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Topaz Finance conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Topaz Finance solicitor panel.
We're in London, First timers buying with a mortgage (lender is Topaz Finance , but our lawyer is on the Topaz Finance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Topaz Finance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Topaz Finance conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Topaz Finance be concerned
Given that your lender is Topaz Finance your lawyer must to check the Topaz Finance conveyancing instructions contained in the Part of CML Handbook for Topaz Finance . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Topaz Finance where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
We expect to receive a DIP from Topaz Finance this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (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.