Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Breaches of Nedbank conveyancing panel requirements
- Non-compliance with the Nedbank panel terms, the written instructions that Nedbank provide 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 set by Nedbank
- Your law firm fails to meet the criteria to remain on the Nedbank conveyancing panel
- Significant 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 panel reinstatement : questions that we get asked
- Can this firm act for Nedbank while the application for reinstatement on the Nedbank panel is being assessed? How do I know if our reinstatement appeal to the Nedbank panel is accepted?
- Is there a charge to be reinstated onto the Nedbank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Nedbank is rejected?
- How do I discover why my firm’s application for reinstatement is declined?
- How often will this firm be required to re-apply to remain 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.