Nedbank Conveyancing Lender Panel Compliance Tool

Lexsure’s 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 software assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Nedbank’s changes. Notwithstanding that utilising the tool is not a condition for being on the Nedbank panel, demonstrating you can remain up to date with Nedbank’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel status.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Nedbank

Banks and building societies often 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, frequently:

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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Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 03/06/2019 CML
Leasehold Conveyancing
Nedbank Private Wealth Ltd panel lawyers leasehold conveyancing requirements : minimum unexpired lease term
10.10 06/02/2013 CML
holding the mortgage advance
4.1 04/02/2013 CML
Mortage valuation
Do Nedbank Private Wealth Ltd arrange for there to be a valuation report and if so, do they provide it to their approved lawyers ?
4.5a 04/02/2013 CML
Mortagge valuation - Reinspections
Contact details at Nedbank Private Wealth Ltd for approved lawyers where re-inspection required
5.13.1 04/02/2013 CML
Balance of Monies
Contact details at Nedbank Private Wealth Ltd for conveyancing panel lawyers where borrower is not providing balance of purchase price from funds/proposing to give second charge.
Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
5.14.15a 04/02/2013 CML
Leasehold Conveyancing; Absentee Freeholder
Contact details at Nedbank Private Wealth Ltd for approved lawyers where there is an absentee freeholder/insolvent landlord.
Absentee Landlord Indemnity Insurance
5.7.1b 04/02/2013 CML
Freehold Flats
Nedbank Private Wealth Ltd panel lawyers clarification as to whether they lend on freehold flats
Flying Freehold Indemnity Insurance
6.10.2 04/02/2013 CML
Conveyancing : retenions by mortgage company
Nedbank Private Wealth Ltd clarification to panel lawyers clarification as to who they release retentions (or instalments of the advance) to
6.14.1c 04/02/2013 CML
buildings insurance total sum insured calculation
6.14.2 04/02/2013 CML
requirement that all insurance risks are included

Last update 11/11/2019

FAQs : The Nedbank Solicitor Panel from members of the public

My fiance and I are buying a 2 bedroom apartment in Leeds with a mortgage from Nedbank. We like our solicitor but Nedbank says she’s not on their "panel". It seems we have little choice but to instruct one of the Nedbank panel firms or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Nedbank use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Nedbank conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Nedbank
Our property lawyer is asking me for proof of ID documents stating that this is part of his obligations as a solicitor on the Nedbank Solicitor panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Nedbank your lawyer also has to check ID documents to satisfy Nedbank
I am buying a flat and need a conveyancing solicitor in Liverpool 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 was expecting to move into my first house yesterday. My lawyer’s firm is on the Nedbank solicitors panel but has moved offices in the past couple of months and had not advised 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. The majority of 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 assist.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Nedbank conveyancing panel requirements are different to Nedbank’s conveyancing panel requirements.
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 175. 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 was told three weeks ago that my mortgage has been agreed to by Nedbank. Is it usual for Nedbank to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nedbank to deal with your lawyers application to be on the Nedbank conveyancing panel. There's no guarantee that your solicitors will be accepted.