Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security on behalf of NRAM Ltd Delays or failure to register the NRAM Ltd charge may result in referral to external lawyers of NRAM Ltd to complete outstanding requirements.
- Persistent delays in post completion requirements set by NRAM Ltd
- Non-compliance with the NRAM Ltd panel requirements, the written instructions that NRAM Ltd provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which NRAM Ltd may subsequently subscribe.
- Breaches of NRAM Ltd conveyancing panel requirements
- Your law firm no longer meets the criteria to remain on the NRAM Ltd conveyancing panel
NRAM Ltd panel reinstatement: Five Common Questions
- Does my practice need to apply annually to be reinstated on the NRAM Ltd conveyancing panel?
- What times frames are involved when applying to revert back onto the NRAM Ltd conveyancing panel?
- Am I restricted as to the number of times my law firm can apply to get back on the NRAM Ltd conveyancing panel?
- What are our options if my firm’s reinstatement panel application with NRAM Ltd is rejected?
- What happens if our NRAM Ltd panel reinstatement application is turned down and our client has a mortgage offer with the NRAM Ltd?
Top Tip: The best way to avoid the hassle of seeking NRAM Ltd panel reinstatement is to ensure that your firm is not removed off of the NRAM Ltd 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 NRAM Ltd conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to NRAM Ltd 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 NRAM Ltd conveyancing panel.