Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Breaches of Nedbank conveyancing panel requirements
- Failure to reapply to be on the Nedbank convincing panel
- 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.
- 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 adopt.
- Persistent delays in post completion requirements on behalf of Nedbank
Frequently asked questions concerning Nedbank panel reinstatement
- What is the application procedures to revert back onto the Nedbank conveyancing panel?
- Is there a limit to the number of occasions my firm can submit applications to get back on the Nedbank conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is refused?
- Who should complete the reinstatement application to the Nedbank panel ?
- Does my practice need to apply annually 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 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.