Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Nedbank conveyancing panel
- 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.
- Missing deadline to reapply to remain on the Nedbank convincing panel
- Nedbank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Persistent non-compliance with post completion requirements set by Nedbank
Nedbank panel reinstatement : questions that we get asked
- Is there a limit to the number of times my law firm can apply to get back on the Nedbank conveyancing panel?
- Is there a fee to revert back onto the Nedbank conveyancing panel?
- What will happen if our Nedbank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Nedbank?
- How often will this firm be required to re-apply to remain on 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 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 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.