Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Breaches of Nedbank conveyancing panel requirements
- Recurring 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.
- Failure to act in accordance with the Nedbank panel terms, 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.
- Persistent non-compliance with post completion requirements on behalf of Nedbank
- Failure to reapply to be on the Nedbank convincing panel
Nedbank panel reinstatement : You have questions, we have answers
- Can this firm act for Nedbank while the application for reinstatement on the Nedbank panel is being processed? How do I find out if our reinstatement appeal to the Nedbank panel is accepted?
- Is the door firmly shut if my firm’s reinstatement panel application with Nedbank is turned down?
- How do I discover why my firm’s application for reinstatement is rejected?
- Please can you set out the application protocol to revert back onto the Nedbank conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Nedbank 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 preferred 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.