Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements set by Nedbank
- Your practice no longer meets the criteria to remain on the Nedbank conveyancing panel
- Non-compliance 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 adopt.
- 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.
- Breaches of Nedbank conveyancing panel requirements
Nedbank panel reinstatement : You have questions, we have answers
- What are the consequences if our Nedbank panel reinstatement application is refused and the client of the firm has a mortgage offer with the Nedbank?
- Can we act for Nedbank while the application for reinstatement on the Nedbank panel is being assessed? How do I discover if our reinstatement application to the Nedbank panel is accepted?
- What is the application protocol to revert back onto the Nedbank conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement was turned down?
- How long does the application process take when applying to be reinstated onto the Nedbank conveyancing 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 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.