Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated

  • Failure to reapply to remain on the Nedbank convincing panel
  • 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.
  • Non-compliance 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 adopt.
  • Breaches of Nedbank conveyancing panel requirements
  • Persistent non-compliance with post completion requirements set by Nedbank

Nedbank panel reinstatement : questions that we get asked

  • Am I restricted as to the amount of occasions my firm can apply to get back on the Nedbank conveyancing panel?
  • Is there a charge to be reinstated onto the Nedbank conveyancing panel?
  • 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 application to the Nedbank panel is approved?
  • To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Nedbank is turned down?
  • How do I discover why this practice’s application for reinstatement is turned down?

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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