Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the NRAM Ltd panel terms, 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 adopt.
- Missing deadline to reapply to be on the NRAM Ltd convincing panel
- NRAM Ltd 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 NRAM Ltd conveyancing panel requirements
- Your practice 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?
- Please can you set out the application procedures to revert back onto the NRAM Ltd conveyancing panel?
- What will happen if our NRAM Ltd panel reinstatement application is rejected and our client has a mortgage application with the NRAM Ltd?
- Is there a limit to the amount of occasions my practice can apply to get back on the NRAM Ltd conveyancing panel?
- How long does the application process take when applying to revert back onto the NRAM Ltd conveyancing panel?
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.