Examples of recent questions relating to the Nedbank Conveyancing Panel from members of the public
I instructed a solicitor to carry out on my purchase 5 weeks ago having applied for a mortgage with Nedbank. The law firm assured me that they are on Nedbank conveyancing panel and gave me their panel number. Nedbank then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the conveyancing panel for Nedbank?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Nedbank as to how long they think it will take to get the firm to get back on the panel.
Expecting to move into my new home next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Nedbank. What risks do Nedbank expect the insurance to cover?
Any lawyer on the Nedbank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Nedbank’s Part 2 requirements of the CML Handbook (last updated on Nedbank). Being on the Nedbank conveyancing panel your lawyer is expect to follow these requirements.
Having used 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 am considering applying for a Nedbank mortgage for purchase of a new build (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nedbank?
There is nothing to stop you using your solicitor but Nedbank will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Do 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 service
We were going to get a DIP from Nedbank this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (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 find our own lawyer
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.
We are are purchasing a penthouse in Hendon. Conveyancing solicitors in Hendon are about to begiven the go-ahead. My fatheradvised that we double-check that the conveyancing practitioner in Hendon is on the Nedbank list of approved conveyancing firms. Is this right?
A limited percentage of Hendon conveyancing practices are on the Nedbank conveyancing panel. 8 people a month use our search tool to search for a Hendon conveyancing lawyer on the on the Nedbank approved list of lawyers.