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approved by Nedbank

Ready to buy a new home? Failing to check that a lawyer is on the Nedbank list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Nedbank Private Wealth Ltd Conveyancing Panel

Q and A’s regarding the Nedbank Solicitor Panel

On what basis could a law firm be excluded from the Nedbank approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Nedbank
Our solicitor has uncovered a defect with the lease for the apartment we are buying. The other side have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that as he is on the Nedbank conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Nedbank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Nedbank are the client. A precondition to being on the Nedbank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Nedbank). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Nedbank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
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 am purchasing a new build flat and getting a mortgage with Nedbank. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Nedbank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Nedbank conveyancing panel in your location.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Nedbank conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
Can I register a complaint to Nedbank about the lawyers being on the Nedbank conveyancing panel?
Complaining to Nedbank about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. Usually one can find this 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 addressed 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.

I was told four 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 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.