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 subscribe.
- Breaches of Nedbank conveyancing panel requirements
- Recurring delays in registering security 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.
- Persistent non-compliance with post completion requirements set by Nedbank
- Your practice fails to meet the criteria to remain on the Nedbank conveyancing panel
Nedbank Conveyancing Panel Reinstatement: Common Questions
- Is there a fee to be reinstated onto the Nedbank conveyancing panel?
- Is there a limit to the number of times my practice can apply to get back on the Nedbank conveyancing panel?
- What will happen if our Nedbank panel reinstatement application is declined and the client of the firm has a mortgage application with the Nedbank?
- What is the application procedures to be reinstated onto the Nedbank conveyancing panel?
- Can we act for Nedbank while the application for reinstatement on the Nedbank panel is being processed? How do I know if our reinstatement application to the Nedbank panel is approved?
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.