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Adam & Company Conveyancing Panel: Recently Asked Questions
Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
There are thousands of firms across the UK who feel aggrieved claiming that they have been removed from lenders’ panels without an explanation or a good
reason. It is highly unlikely, given that lenders have distanced
themselves from creating a standardised appeals process for
brokers, that an appeals process will be introduced for
lawyers. Commenting on the call by brokers to have a standardised
process the CML said’ “While we understand that some lenders do have
an appeals process, it would not be appropriate for a trade body such
as the CML to seek to be prescriptive about such a process.” Some
lenders do of course set out an appeals policy. The Law Society does
have information on it’s site that may be of assistance. If you would
like to talk to one of our compliance experts about our Lender Panel
Protection Service please complete the form here.
My client is buying a property for £825k in Liverpool requiring a mortgage advance over GBP 500k.
I am on the
Adam & Company conveyancing panel but do Adam & Company have a separate approved panel when a mortgage is above 350k?
Lexsure only know of a couple of banks that operate a separate approved solicitors panel where the mortgage advance is over a certain amount.
You should nevertheless check directly with
Adam & Company. At one stage HSBC would only allow Sole
practitioners to act for them where the mortgage was below
£150,000. We are not sure if HSBC still operate such a condition. In
your case it is best to check with Adam & Company
Do I face being suspended off the
Adam & Company conveyancing panel if I have not sent the deeds on a purchase within a certain period of completion?
One might ordinarily expect
Adam & Company via their Part Two conditions to address this but the Handbook makes no mention on deadlines to send deeds. You need to look at the Terms of
Adam & Company’s Conveyancing Panel Appointment that you are bound by. For many lender's these Terms contain a clause such as:
‘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’ It is important to keep
Adam & Company updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
Do banks such as
Adam & Company engage a separate conveyancing panel for buy to let mortgages?
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
Adam & Company as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Adam & Company we suggest that you call
Adam & Company to check the position.
My practice have never been on the
Adam & Company conveyancing panel as well other lenders.
My clients, who are getting a mortgage with Adam & Company still want me to act for them even though I am not on the
Adam & Company panel. Is it fine for me to use a firm down the road to act for
Adam & Company on mortgage aspect of the conveyancing?
You need to be careful here as what you are suggesting may not be acceptable to the mortgage company.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer.
You also need to make the costs implications and potential for delay very clear to your client.
If my application is successful will CQS membership guarantee my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS membership 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 remain on their panels. Some mortgage companies now use the scheme as the starting point for Panel membership as is the case with HSBC.
I am on the
Adam & Company
conveyancing panel and scheduled to complete a purchase within the next week. My papers do not include a Legal Charge for the client to sign.
Who do I contact at Adam & Company to obtain duplicate documents?
You should communicate with Adam & Company
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an express question for lenders to reveal who to contact to obtain standard documents.
Adam & Company in their Part 2’s state:
It helps to disclose the firm’s Adam & Company conveyancing panel number.
Find a Lawyer on the Adam & Company Conveyancing Panel
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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* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [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
