Removal from the NRAM Ltd and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of NRAM Ltd
- Failure to act in accordance 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 subscribe.
- 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.
- 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.
- Breaches of NRAM Ltd conveyancing panel Terms and Conditions
Answers to Frequently asked questions concerning NRAM Ltd panel reinstatement
- Please can you set out the application protocol to revert back onto the NRAM Ltd conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the NRAM Ltd panel ?
- Is there a limit to the number of occasions my practice can submit applications to be reinstated on the NRAM Ltd conveyancing panel?
- Can this firm act for NRAM Ltd while the appeal for reinstatement on the NRAM Ltd panel is being assessed? How do I know if our reinstatement application to the NRAM Ltd panel is approved?
- Is there a cost 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.