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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
Q and A’s regarding the Topaz Finance Conveyancing Panel
I instructed a solicitor to carry out on my remortgage three weeks ago having applied for a mortgage with Topaz Finance. The law firm confirmed to me that they are on Topaz Finance conveyancing panel and provided me their panel number. Topaz Finance then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the conveyancing panel for Topaz Finance?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Topaz Finance conveyancing panel You may wish to enlist the help of your broker to check with the Topaz Finance as to how long they think it will take to get the firm to get back on the panel.
My solicitor has discovered an inconsistency between the surveyor’s assumptions in Topaz Finance’s valuation survey and what is in the conveyancing documents. My solicitor has advised that as he is on the Topaz Finance conveyancing panel he is duty bound to check that the bank is OK with this discrepancy and is content go ahead. Is my lawyer’s approach 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 you.
I am buying a property and require a conveyancing solicitor in Newcastle who is on the Topaz Finance approved. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Topaz Finance . We don’t recommend any particular firm.
My uncle passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Topaz Finance , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Topaz Finance will insist on your using a conveyancer on the Topaz Finance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Topaz Finance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Topaz Finance mortgage is registered as a charge at the Land Registry.
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. Please confirm
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.
I have a mortgage with Topaz Finance. My uncle retired last week and wants to pay off the mortgage left on the property. After Topaz Finance is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Topaz Finance conveyancing panel? I do not intend to live at the property once the Topaz Finance mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Topaz Finance panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
The for formalities of my purchase has taken place with a loan from Topaz Finance. Conveyancing was a necessary evil but I would like to complain about Topaz Finance. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the Topaz Finance branches or the Customer Services Department at Topaz Finance head office. We understand that complaints to Topaz Finance are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Other Topics
Transfer of Equity for Topaz FinancePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors