Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements on behalf of Nedbank
- Persistent delays in registering security 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 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.
- Your law firm fails to meet the criteria to remain on the Nedbank conveyancing panel
- Failure to reapply to be on the Nedbank convincing panel
Questions Nedbank panel reinstatement firms ask us
- Can we act for Nedbank while the appeal for reinstatement on the Nedbank panel is being reviewed? How do I discover if our reinstatement appeal to the Nedbank panel is approved?
- Are you able to explain why our application for reinstatement was declined?
- Am I restricted as to the amount of times my practice can apply to be reinstated on the Nedbank conveyancing panel?
- What are our options if our reinstatement panel submission with Nedbank is refused?
- Does the COLP in my firm need to sign 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.