Nedbank Conveyancing Panel Example Support Desk Enquires
from members of the public
My financial adviser has informed me that I have to pay Nedbank fees should I instruct my family lawyer. How efficient are the Nedbank conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and not exorbitantly priced. Are there any Nedbank conveyancers you'd recommend?
Nedbank’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Nedbank will allow to act for them.
My lawyer has identified a discrepancy between the assumptions in Nedbank’s valuation report and what is revealed within the conveyancing documents. My lawyer informs me that as he is on the Nedbank conveyancing panel he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’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.
Whilst your website is a good idea there are many lawyers listed near Hackney on the Nedbank conveyancing panel. Can you recommend a specific firm on the Nedbank approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My lawyers in Birmingham have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Nedbank. Is it case that being on the Nedbank conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Nedbank Conveyancing Panel Terms. It might be worth you contacting Nedbank directly.
When it comes to mortgage companies such as Nedbank do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Last month we had a mortgage agreed in principle with Nedbank. Solicitors have been chosen? How long does it take for Nedbank to send the offer to our conveyancer
Some lenders take longer than others. Have Nedbank done the valuation? Have you advised Nedbank as your lawyers details and checked that your lawyer is on the Nedbank conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I am selling my flat. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Nedbank are being a right pain. The solicitor who is on the Nedbank conveyancing panel is saying indemnity insurance will be fine but Nedbank are requiring 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.