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approved by Nedbank
Ready to buy a new home? Failing to check that a lawyer is on the Nedbank list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Nedbank Private Wealth Ltd Conveyancing Panel? How can my firm be reinstated onto the Nedbank Private Wealth Ltd Conveyancing Panel?Find an Approved Solicitor on the Nedbank Private Wealth Ltd Conveyancing Panel
Nedbank Solicitor Panel Example Support Desk Enquires
I instructed a solicitor to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with Nedbank. The solicitors assured me that they are on Nedbank conveyancing panel and provided me their panel reference. Nedbank then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the conveyancing panel for Nedbank?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Nedbank as to the time frame to get your lawyer reinstated on the panel once again.
My lawyer has discovered an inconsistency when comparing the assumptions in Nedbank’s home valuation survey and what is in the title deeds. My solicitor has advised that as he is on the Nedbank conveyancing panel he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
A precondition to being on the Nedbank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nedbank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I am looking to buy a property and require a conveyancing solicitor in who is on the Nedbank approved. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nedbank . We don’t recommend any particular firm.
I am purchasing a new build flat and getting a mortgage with Nedbank. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Nedbank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Nedbank conveyancing panel in your location.
After much negotiation I have agreed a price on an apartment. My mortgage broker suggested a solicitor I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the Nedbank conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nedbank panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nedbank are being difficult. The solicitor who is on the Nedbank conveyancing panel is recommending indemnity insurance as a solution but Nedbank are insisting on a building regulation certificate. Why do Nedbank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Nedbank have referred the matter to their valuer. The reason why Nedbank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
Nedbank have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Nedbank or your broker and complete any relevant paperwork. Nedbank will tell you what documents they want. Nedbank will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Nedbank will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
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Transfer of Equity for NedbankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors