Nedbank Conveyancing Panel Recently Asked Questions
from members of the public
My Conveyancer has never been on on the Nedbank Approved Panel. Is it possible for me to use my preferred solicitor notwithstanding that they are not on the Nedbank panel of approved conveyancing solicitors?
The most common options here are as follows:
- Carry on with your preferred lawyers but Nedbank will need to instruct a lawyer on the Nedbank conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Nedbank conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Nedbank conveyancing panel
My fiance and I intend to remortgage our maisonette with Nedbank. We have a son approaching twenty who lives with us. The solicitor on the Nedbank conveyancing panel requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Nedbank conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Nedbank conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nedbank .This is solely used to protect the Nedbank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nedbank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Nedbank conveyancing panel. My lawyer has said that they are on the Nedbank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Nedbank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Nedbank solicitor panel.
I was scheduled to move into my first house last Friday. My lawyer’s firm is on the Nedbank conveyancing panel but has moved offices in the past couple of months and had not advised Nedbank of their new address. Nedbank has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. 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.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nedbank be concerned
Given that you are obtaining a mortgage with Nedbank your lawyer must to check the Nedbank conveyancing instructions contained in the Part of CML Handbook for Nedbank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Nedbank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
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?
A lender would not issue a mortgage 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.
My brother and I are acquiring a garden flat in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My agentrecommended that we check that the conveyancing practitioner in Hendon is on the Nedbank solicitors panel. Is this right?
A limited percentage of Hendon conveyancing solicitors are on the Nedbank conveyancing panel. 8 people a month use our search tool to find a
Hendon conveyancing practitioner on the on the Nedbank list of approved conveyancing firms.