Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Nedbank panel requirements, the written instructions that Nedbank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nedbank may subsequently adopt.
- Nedbank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Significant delays in registering a charge on behalf of Nedbank Delays or failure to register the Nedbank charge may result in referral to external lawyers of Nedbank to complete outstanding requirements.
- Breaches of Nedbank conveyancing panel requirements
- Your practice fails to meet the criteria to remain on the Nedbank conveyancing panel
Nedbank panel reinstatement: Five Common Questions
- What are the next steps open to me if our Nedbank panel reinstatement application is declined and our client has a mortgage application with the Nedbank?
- How long does the application process take when applying to be reinstated onto the Nedbank conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Nedbank panel ?
- Is there a limit to the amount of times my law firm can apply to get back on the Nedbank conveyancing panel?
- Can you outline the application protocol to revert back onto the Nedbank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Nedbank panel reinstatement is to ensure that your firm is not removed off of the Nedbank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Nedbank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Nedbank directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Nedbank conveyancing panel.