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
- 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.
- Breaches of Nedbank conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements on behalf of Nedbank
- 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.
Nedbank panel reinstatement : You have questions, we have answers
- Does my practice need to apply annually to remain on the Nedbank conveyancing panel?
- Am I restricted as to the amount of times my practice can apply to be reinstated on the Nedbank conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Nedbank is declined?
- Is it possible to find out my firm’s application for reinstatement is refused?
- Can we act for Nedbank while the application for reinstatement on the Nedbank panel is being progressed? How do I find out if our reinstatement appeal to the Nedbank panel is accepted?
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.