Removal from the Nedbank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Nedbank panel terms, the written instructions that Nedbank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nedbank may subsequently adopt.
- Significant non-compliance with post completion requirements set by Nedbank
- Failure to reapply to remain on the Nedbank convincing panel
- Breaches of Nedbank conveyancing panel requirements
- Your law firm fails to meet the criteria to remain on the Nedbank conveyancing panel
Answers to Frequently asked questions concerning Nedbank panel reinstatement
- Does the COLP in my firm need to complete the reinstatement application to the Nedbank panel ?
- Can we appeal if our application for reinstatement was refused?
- How long does the application process take when applying to be reinstated onto the Nedbank conveyancing panel?
- Can you outline the application protocol to be reinstated onto the Nedbank conveyancing panel?
- Is there a charge 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.