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 requirements, the written instructions that Nedbank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nedbank may subsequently subscribe.
- Persistent 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.
- Your firm no longer meets the criteria to remain on the Nedbank conveyancing panel
- Nedbank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Breaches of Nedbank conveyancing panel requirements
Top questions concerning Nedbank panel reinstatement
- What times frames are involved when applying to be reinstated onto the Nedbank conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Nedbank conveyancing panel?
- What are our options if our reinstatement panel submission with Nedbank is rejected?
- Can we act for Nedbank while the appeal for reinstatement on the Nedbank panel is being reviewed? How do I know if our reinstatement application to the Nedbank panel is approved?
- Am I restricted as to the amount of occasions my practice can submit applications to be reinstated on 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.