Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the NRAM Ltd conveyancing panel
- 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.
- Failure to reapply to be on the NRAM Ltd convincing panel
- 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.
- Significant non-compliance with post completion requirements set by NRAM Ltd
How can we assist? NRAM Ltd panel reinstatement questions
- Am I restricted as to the number of times my firm can apply to be reinstated on the NRAM Ltd conveyancing panel?
- What are the next steps open to me if our NRAM Ltd panel reinstatement application is declined and our client has a mortgage offer with the NRAM Ltd?
- Can you outline the application process to revert back onto the NRAM Ltd conveyancing panel?
- Is there a cost to revert back onto the NRAM Ltd conveyancing panel?
- Can this firm act for NRAM Ltd while the application for reinstatement on the NRAM Ltd panel is being processed? How do I discover if our reinstatement application to the NRAM Ltd panel is approved?
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.