Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring delays in post completion requirements on behalf of NRAM Ltd
- Breaches of NRAM Ltd conveyancing panel Terms and Conditions
- Persistent 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.
- Failure to reapply to remain on the NRAM Ltd convincing panel
How can we assist? NRAM Ltd panel reinstatement questions
- Can we appeal if my firm’s application for reinstatement is refused?
- What are the consequences if our NRAM Ltd panel reinstatement application is declined and the client of the firm has a mortgage offer with the NRAM Ltd?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with NRAM Ltd is declined?
- What times frames are involved when applying to be reinstated onto the NRAM Ltd conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the NRAM Ltd 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 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 NRAM Ltd conveyancing panel.