Nedbank Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the CML to develop such a register.

Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Nedbank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Nedbank we suggest that you call Nedbank to check the position.

In the same way that there is a unique Nedbank conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

In the circumstances please explain on the form what action you have taken to discover the reasons behind cancellation of your Nedbank panel status. In particular please provide details if you have received communications from the lender. E.G. before cessation of your panel membership did you receive any letters or calls from the lender putting you on notice?

You should communicate with Nedbank to obtain standard documents. The CML Handbook contains an explicit inquiry for lenders to cite who to contact to obtain standard documents. Nedbank in their Part 2’s state: It is likely that you will need to disclose the firm’s Nedbank solicitors panel reference.