Adam & Company International Conveyancing Panel Information

The CML Part II requirements of Adam & Company International are silent on this. Most lenders address the issue of file retention via their Terms of panel appointment where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Adam & Company International’s interest. To be absolutely sure of Adam & Company International requirements in this regard please check the Terms and Conditions of Adam & Company International’s conveyancing panel appointment.

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the Adam & Company International conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Areas of Law covered by the firm

Number of lender conveyancing panels the firm is currently on

Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)

SRA or equivalent regulator registration number where applicable

Details of any accreditation e.g. Lexcel or

Solicitor

List of all those staff who work within the conveyancing team

List of all those who fund the firm, including non-lawyers if applicable

Full complaints history for each conveyancing solicitor

House price discrepancies (declared to lender vs. registered at Land Registry)

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Adam & Company International conveyancing panel to see if you are entitled to a reason.

With mortgage companies and property lawyers working so closely with one another it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Adam & Company International conveyancing panel but for all mortgage panels

We would recommend that you supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your firm’s application but gives the CQS team viability as to what has happened.

You need to contact Adam & Company International to obtain standard documents. The CML Handbook has an express section for banks to set out who to contact to obtain standard documents. Adam & Company International in their Part 2’s state: It is likely that you will need to quote your Adam & Company International solicitors panel reference.