Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- 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.
- 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.
- Recurring 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.
- Persistent delays in post completion requirements set by Nedbank
- Missing deadline to reapply to remain on the Nedbank convincing panel
Nedbank panel reinstatement : questions that we get asked
- How long does the application process take when applying to revert back onto the Nedbank conveyancing panel?
- What will happen if our Nedbank panel reinstatement application is turned down and our client has a mortgage offer with the Nedbank?
- How do I discover why our application for reinstatement is declined?
- Can this firm act for Nedbank while the application for reinstatement on the Nedbank panel is being reviewed? How do I discover if our reinstatement appeal to the Nedbank panel is approved?
- Does the COLP in my firm need to complete 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 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.