Frequently asked questions relating to the Nedbank Conveyancing Panel
from members of the public
I appointed a law firm to work on my house purchase six weeks ago having applied for a mortgage with Nedbank. The solicitors 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 happens next? Should I appoint a new solicitor currently on the approved 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 how long they think it will take to get the firm to get back on the panel.
My son is in the process of securing a house that has just been built with a home loan from Nedbank. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nedbank conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nedbank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am planning to acquire a property and need a conveyancing solicitor in Liverpool who is on the Nedbank solicitor. 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 am selling my house. Does my solicitor have to be on the Nedbank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Nedbank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I have agreed a price on a apartment I spoke to a conveyancer recommended by my brother and he suggested instructing a solicitor approved by Nedbank. The estate agent recommended two local firms so I asked Nedbank if the 2 suggested solicitors are approved, which they are not. Nedbank pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Nedbank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Nedbank to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Nedbank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Nedbank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Nedbank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Can I register a complaint to Nedbank about the lawyers being on the Nedbank conveyancing panel?
There is little point in complaining directly to Nedbank. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Nedbank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Nedbank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Nedbank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.