Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering a charge 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 non-compliance with post completion requirements on behalf of NRAM Ltd
- NRAM Ltd 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.
- Your practice fails to meet the criteria to remain on the NRAM Ltd conveyancing panel
- Failure to reapply to remain on the NRAM Ltd convincing panel
NRAM Ltd panel reinstatement: Five Common Questions
- Is the door firmly shut if my firm’s reinstatement panel application with NRAM Ltd is turned down?
- Is it the practice manager who is required to sign the reinstatement application to the NRAM Ltd panel ?
- Is there a fee to revert back onto the NRAM Ltd conveyancing panel?
- Can you outline the application process to be reinstated onto the NRAM Ltd conveyancing panel?
- What times frames are involved 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 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.