Find an Approved Solicitor on the Nedbank Private Wealth Ltd
Common questions asked concerning the Nedbank Solicitor Panel
I instructed a firm of solicitors to conveyancing on my purchase 4 weeks ago having applied for a mortgage with Nedbank. The firm confirmed to me that they are on Nedbank conveyancing panel and provided me their panel number. Nedbank then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed 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 the time frame to get your lawyer reinstated on the panel once again.
Our nephew is purchasing a house that has just been built with a mortgage from Nedbank. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document 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 see that you have a search directory listing firms on the Nedbank conveyancing panel. Do firms pay you a commission if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Nedbank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
What happens if my solicitor is removed from the Nedbank Conveyancing panel before completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I previously instructed online conveyancers based in Bristol who are on the Nedbank solicitor panel. They are now charging me a separate fee of £195 for dealing with the Nedbank mortgage. Is this an additional conveyancing fee specified by Nedbank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Nedbank but by your lawyers. Some firms on the Nedbank will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
My fiance and I are in the throws of looking at houses and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a mortgage with Nedbank
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Nedbank , ask your prospective lawyers check they are on the Nedbank conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat. I have a mortgage agreed with Nedbank. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Nedbank you will need to appoint a solicitor on the Nedbank conveyancing panel.