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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.
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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?Find an Approved Solicitor on the Topaz Finance plc Conveyancing Panel
Topaz Finance Solicitor Panel Recently Asked Questions
My Conveyancer has never been on on the Topaz Finance Conveyancing Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Topaz Finance approved list?
The most common options here are as follows:
- Complete the purchase with your preferred solicitors but Topaz Finance will need to instruct a lawyer on the Topaz Finance conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Topaz Finance conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Topaz Finance conveyancing panel
Expecting to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Topaz Finance. What risks do Topaz Finance expect the insurance to cover?
Any lawyer on the Topaz Finance conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Topaz Finance’s Part 2 requirements of the CML Handbook (last updated on Topaz Finance). Being on the Topaz Finance conveyancing panel your lawyer is expect to follow these instructions.
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.
I was expecting to complete on my flat yesterday. My solicitor is on the Topaz Finance solicitors panel but has moved offices in the past couple of months and had not advised Topaz Finance of their new address. Topaz Finance has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Topaz Finance branch or your mortgage broker to see if they can assist.
is it true that all solicitor firms on the Topaz Finance conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Topaz Finance conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have today made my last payment due on mortgage with Topaz Finance. I assume I don't need a solicitor on the Topaz Finance panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Topaz Finance mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Topaz Finance mortgage from the register. Topaz Finance,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Topaz Finance has sent the Land Registry the discharge electronically, and
the Topaz Finance has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Topaz Finance mortgage has been paid off.
Topaz Finance have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Topaz Finance or your broker and complete any relevant paperwork. Topaz Finance will tell you what documents they want. Topaz Finance will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Topaz Finance will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
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