Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Nedbank convincing panel
- 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.
- 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 practice no longer meets the criteria to remain on the Nedbank conveyancing panel
- Breaches of Nedbank conveyancing panel requirements
Questions Nedbank panel reinstatement firms ask us
- Does the COLP in my firm need to sign the reinstatement application to the Nedbank panel ?
- Can this firm act for Nedbank while the appeal for reinstatement on the Nedbank panel is being reviewed? How do I know if our reinstatement appeal to the Nedbank panel is approved?
- Is there a fee to revert back onto the Nedbank conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Nedbank conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Nedbank is refused?
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.