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Adam & Company Solicitor Panel: Recently Asked Questions
Do Adam & Company or the Council of Mortgage Lenders run CPD Courses for the
Adam & Company approved solicitor panel in much the same way that the Law Society run cases for CQS firms?
This not something that the CML would traditionally get involved with however they do host a number of useful conveyancing related conferences which are attended by firms on the Adam & Company conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Adam & Company’s Part 2 obligations. Law firms on the Adam & Company conveyancing panel are welcome. Further details will be made available as part of the LENDERmonitor Alerts.
Will the fact that my practice receives Alerts via this site assist in my application to join the Adam & Company solicitor panel?
The requirements to join the Adam & Company conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Adam & Company conveyancing panel?
In order to be on the Adam & Company conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Adam & Company) are as follows:
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
- To forward the title deeds and documents to another solicitor/conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
- To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
My conveyancing assistant has left my firm unexpectedly.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Adam & Company once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Adam & Company?
Adam & Company will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Adam & Company conveyancing panel.
We are a 3-partner firm on the Adam & Company conveyancing panel. How can we advertise our firm as carrying out conveyancing in Hendon authorised to act forAdam & Company?
8 consumers search for a solicitor on the Adam & Company panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be listed by those searching for conveyancing in Hendon.
Does Conveyancing Quality Scheme membership guarantee my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS accreditation is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of firms. Some Lenders now use the Conveyancing Quality Scheme accreditation as the starting point for Panel acceptance as is the case with HSBC.
My firm is listed on the
Adam & Company
conveyancing panel and due to complete a purchase within the next week. My file does not contain a Legal Charge for the client to execute.
Who do I contact at Adam & Company to request substitute deeds?
You need to communicate with Adam & Company
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific question for banks to enumerate who to contact to obtain standard documents.
Adam & Company in their Part 2’s state:
Always remember to disclose the firm’s Adam & Company solicitors panel reference.
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Average number of days to register title including a charge in favour of Adam & Company
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Adam & Company Firms
- Draft Report on Title precedent for Adam & Company borrowers
- Draft Anti Money Laundering PolicyTemplate for Adam & Company panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Adam & Company lender panel
- Buy-to-Let help for Adam & Company
- Consent-to-Let help for Adam & Company
- Contractor Mortgages with Adam & Company
