Find a Law Firm
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.
Looking for information about your firm's panel status?
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
FAQs for the Nedbank Conveyancing Panel
The conveyancer my husband and I wanted to use for conveyancing on a purchase said he would charge more if my lender is due to their unusual legal requirements. Am I likely to be frustrated using Nedbank? Any comments will be appreciated
Nedbank conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Nedbank conveyancing panel. If they are not, this does add further risk of delay as Nedbank will appoint their own solicitors to look after their interest.
Can you help?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Nedbank was issued random date and we have agreed a date for me to move into the property on Tues etc. My lawyer has advised that as she is on the Nedbank conveyancing panel she needs to redo the searches as they are now out of date.
One of the many conditions to being on the Nedbank approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Nedbank)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Nedbank.
I need to find a Nedbank panel solicitor in Stirling. Can you assist?
It is not clear why you need a Nedbank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Nedbank to find out which solicitors in Nedbank are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
Can you clarify what the consequences are if my solicitor is expelled from the Nedbank Solicitor panel prior to the completion date?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Nedbank conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
I have a mortgage with Nedbank. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nedbank?
Your original mortgage agreement with Nedbank will provide that you need their approval prior to renting your property as this is likely to be a breach of Nedbank’s mortgage conditions. It may be that Nedbank will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nedbank directly. You need not do this via a Nedbank conveyancing panel lawyer.
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Nedbank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Nedbank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Nedbank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Other Topics
Transfer of Equity for NedbankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors