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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nedbank may subsequently subscribe.
- Recurring delays in post completion requirements set by Nedbank
- Your firm fails to meet the criteria to remain on the Nedbank conveyancing panel
- 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.
- Missing deadline to reapply to be on the Nedbank convincing panel
Answers to Frequently asked questions concerning Nedbank panel reinstatement
- How long does the application process take when applying to revert back onto the Nedbank conveyancing panel?
- Is there a cost to revert back onto the Nedbank conveyancing panel?
- Please can you set out the application protocol to be reinstated onto the Nedbank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is turned down?
- Can we act for Nedbank while the appeal for reinstatement on the Nedbank panel is being progressed? How do I know if our reinstatement application to the Nedbank panel is accepted?
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.