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

  • Breaches of Nedbank conveyancing panel Terms and Conditions
  • Significant delays in registering a charge 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.
  • 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.
  • Your law firm fails to meet the criteria to remain on the Nedbank conveyancing panel
  • Significant delays in post completion requirements on behalf of Nedbank

Top questions concerning Nedbank panel reinstatement

  • Can you outline the application protocol to be reinstated onto the Nedbank conveyancing panel?
  • What are the consequences if our Nedbank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Nedbank?
  • Is the door firmly shut if my firm’s reinstatement panel application with Nedbank is turned down?
  • Can we act for Nedbank while the application for reinstatement on the Nedbank panel is being processed? How do I discover if our reinstatement application to the Nedbank panel is approved?
  • 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.

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