Nedbank Solicitor Panel Recently Asked Questions from members of the public
My financial adviser has informed me that I have to pay Nedbank fees if I use my own solicitor. How efficient are the Nedbank conveyancing panel solicitors? I dont care which law firm I use as long as they're good and reasonably priced. Are there any Nedbank conveyancers you'd recommend?
Nedbank’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Nedbank will allow to act for them.
Can you help?. For no fault of my lawyer but, my purchase conveyancing 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 My lawyer says that as she is on the Nedbank conveyancing panel she needs to reorder the searches as they are no longer valid.
A precondition 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 states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Nedbank.
Do I have to have a meeting at the offices of the Nedbank conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Liverpool
so that I can attend their offices when needed.
Most conveyancing panel lawyers for Nedbank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My conveyancers in London have advised me that no longer have my conveyancing file. At the time of 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 conveyancing panel?
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.
Is it the case that all conveyancing solicitors on the Nedbank conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
My husband and I are spending time looking at apartments and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with Nedbank
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Nedbank , ask your prospective lawyers check they are on the Nedbank conveyancing panel otherwise they can't do the mortgage legal work.