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
  • Failure to reapply to be on the Nedbank convincing 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.
  • Failure to act in accordance with the Nedbank panel requirements, 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 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: Five Common Questions

  • Is there a fee to revert back onto the Nedbank conveyancing panel?
  • What happens if our Nedbank panel reinstatement application is refused and our client has a mortgage application with the Nedbank?
  • How do I discover why this practice’s application for reinstatement is turned down?
  • Who should sign the reinstatement application to the Nedbank panel ?
  • Am I restricted as to the number of occasions my law firm can submit applications to be reinstated on 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 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.

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