Find an Approved Solicitor on the Nedbank Private Wealth Ltd
Nedbank Solicitor Panel Example Support Desk Enquires
I am getting a offer of a mortgage from Nedbank. my intention is to enlist the help of a Licensed Conveyancer. Does the Nedbank Conveyancing panel exclude conveyancers regulated by the CLC
Nedbank’s conveyancing panel is, like many other lenders represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our grandson is buying a house that has just been built with a home loan from Nedbank. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 valuer 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 post code search directory identifying firms on the Nedbank conveyancing panel. Do firms pay you a referral fee if I retain them for my conveyancing?
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.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Nedbank conveyancing panel in order to deal with redeeming 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 am about to exchange contracts on a purchase with a mortgage from Nedbank. The report from my solicitor mentions that Nedbank could withdraw their offer before completion. Is this right?
Lenders such as Nedbank can withdraw their mortgage offer although this rarely happens. In the unlikely event that Nedbank withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
Where information comes to Nedbank ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
Nedbank may amend or withdraw an offer if the Nedbank conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
Where to proceed with the Mortgage offer would be unlawful
Where the sale is not at arms length for value to unconnected persons
Where the Lender’s right to possession is fettered in some way
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a Nedbank conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Nedbank about their conveyancing panel is unlikely to yield much of a response. 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.
After much negotiation I have agreed a price on an apartment. My financial adviser recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Nedbank conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nedbank panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.