Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- 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.
- 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.
- Missing deadline to reapply to remain on the Nedbank convincing panel
- Recurring delays in post completion requirements set by Nedbank
- Your law firm fails to meet the criteria to remain on the Nedbank conveyancing panel
FAQs : Nedbank Conveyancing panel reinstatement
- Can you outline the application procedures to revert back onto the Nedbank conveyancing panel?
- What are the consequences if our Nedbank panel reinstatement application is declined and the client of the firm has a mortgage application with the Nedbank?
- Are you able to explain why my firm’s application for reinstatement was declined?
- How often will this firm be required to re-apply to be reinstated on the Nedbank conveyancing panel?
- What times frames are involved when applying to revert back onto 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.