Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Nedbank conveyancing panel
- Failure to reapply to remain on the Nedbank convincing panel
- Significant 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 delays in post completion requirements on behalf of Nedbank
- Failure to act in accordance with the Nedbank panel terms, the written instructions that Nedbank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nedbank may subsequently subscribe.
Questions Nedbank panel reinstatement firms ask us
- Is there a limit to the number of occasions my law firm can submit applications to be reinstated on the Nedbank conveyancing panel?
- Who should sign the reinstatement application to the Nedbank panel ?
- How often will this firm be required to re-apply to be reinstated on the Nedbank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is refused?
- Can we act for Nedbank while the appeal for reinstatement on the Nedbank panel is being processed? How do I know if our reinstatement appeal 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.