Nedbank panel reinstatement guidance - Here to assist

Consider the the following reasons firms require reinstatement onto the Nedbank conveyancing panel

  1. Failure to reapply to remain on the Nedbank convincing panel
  2. 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.
  3. Failure to act in accordance with the Nedbank panel terms, 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.
  4. Your firm no longer meets the criteria to remain on the Nedbank conveyancing panel
  5. Breaches of Nedbank conveyancing panel requirements

Frequently asked questions concerning Nedbank panel reinstatement

  1. What happens if our Nedbank panel reinstatement application is declined and our client has a mortgage offer with the Nedbank?
  2. Do any avenues remain open if our reinstatement panel application with Nedbank is refused?
  3. Is there a fee to revert back onto the Nedbank conveyancing panel?
  4. Is there a limit to the amount of occasions my firm can submit applications to be reinstated on the Nedbank conveyancing panel?
  5. Is it possible to find out my firm’s application for reinstatement was 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.