Nedbank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. It is a unique risk management tool.

This system assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Nedbank’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for being on the Nedbank panel, demonstrating you can stay up to date with Nedbank’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel status.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to a PII saving.

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Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Nedbank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Nedbank has made 132 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 20.7 days. In total, 60% of the sections of P2 of the UK Finance Lenders’ Handbook for Nedbank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Nedbank Solicitor Panel Example Support Desk Enquires from members of the public

I appointed a firm of solicitors to carry out on my purchase 4 weeks ago having applied for a mortgage with Nedbank. The firm assured me that they are on Nedbank conveyancing panel and gave me their panel reference. Nedbank then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for Nedbank?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Nedbank conveyancing panel 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.
can you help? My lawyer is assuring me that he has to order a Local Authority search stemming from the fact that the firm are on the Nedbank solicitor panel. Do I not have a choice here?
You have limited options available to you. Given that you are taking out a loan with Nedbank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Nedbank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Nedbank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Whilst your website is a good idea there are many lawyers listed near Chelsea on the Nedbank conveyancing panel. Can you recommend a specific firm on the Nedbank approved panel?
We are not in the business of recommending one firm above another 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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I was supposed to move into my first house two days ago. My solicitor is on the Nedbank solicitors panel but has moved offices in the past couple of months and had not informed Nedbank of their new address. Nedbank is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Nedbank branch or your mortgage broker to see if they can help.
We were going to get a DIP from Nedbank this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Nedbank recommend a solicitor on the Nedbank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Nedbank conveyancing panel. The solicitor represents both you and the Nedbank through the process.
Planning on purchasing a house with a mortgage with Nedbank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nedbank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Nedbank conveyancing panel
My ex -wife’s name is on the Nedbank mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Nedbank mortgage in order to sell?
In terms of the Nedbank mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Nedbank in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.