Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements set by NRAM Ltd
- Your law firm no longer meets the criteria to remain on the NRAM Ltd conveyancing 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
- 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.
NRAM Ltd panel reinstatement: Five Common Questions
- Is there a fee to revert back onto the NRAM Ltd conveyancing panel?
- Please can you set out the application process to revert back onto the NRAM Ltd conveyancing panel?
- Can we act for NRAM Ltd while the application for reinstatement on the NRAM Ltd panel is being assessed? How do I know if our reinstatement appeal to the NRAM Ltd panel is approved?
- What happens if our NRAM Ltd panel reinstatement application is declined and the client of the firm has a mortgage offer with the NRAM Ltd?
- Does the COLP in my firm need to complete 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.