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Adam & Company Solicitor Panel: Recently Asked Questions
Do Adam & Company or the CML run training seminars for the
Adam & Company approved conveyancing panel in the same way that CQS run CPD Courses for accredited firms?
The Council of Mortgage Lenders (or the BSA) do not involve themselves in training although they do arrange numerous useful conveyancing related conferences which are attended by firms on the Adam & Company conveyancing panel. It is our intention to run specific lender focused seminars in the near future including a webinar on Adam & Company’s Part 2 requirements. Practitioners on the Adam & Company conveyancing panel will be invited. Information about the webinar will be communicated as part of the LENDERmonitor Alerts.
Is it probable that
Adam & Company
will assign another solicitor on the
Adam & Company
conveyancing panel for a further advance during the lifetime of a mortgage?
Paragraph 16.2.1 of the UK Finance Lenders’ Handbook relevant to a solicitor on the
Adam & Company
conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.
Adam & Company would like me to represent them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Adam & Company conveyancing panel) How will this work and are there different requirements from Adam & Company in this case?
The Council of Mortgage Lenders, along with
Adam & Company and other members developed a standard set of instructions where a solicitor is representing a lender such as Adam & Company alone in a residential conveyancing transaction.
These legal instructions are contained at Part III of the UK Finance Lenders’ Handbook and are to be followed together with Sections One and Two.
The CML have published an example requirements letter to the borrower’s conveyancing solicitor for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel conveyancer.
My firm is not on the
Adam & Company conveyancing panel as well other lenders.
My clients, who have applied for a mortgage with Adam & Company still want me to act for them even though I am not on the
Adam & Company panel. Am I doing anything wrong is suggesting to my client that they 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 lender.
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.
My post-completion clerk has resigned 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.
Should CQS acceptance guarantee my firm’s acceptance on to lenders conveyancing panels?
CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their panels. A number of Lenders now use the scheme as the starting point for Panel membership such as Santander.
I am on the
Adam & Company
conveyancing panel and all set to complete a remortgage within the next week. My papers do not include a Mortgage Deed for the client to execute.
Who do I contact at Adam & Company to get a duplicate Deed?
You need to communicate with Adam & Company
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an explicit section for lenders to cite who to contact to obtain standard documents.
Adam & Company in their Part 2’s state:
Always remember to quote the firm’s Adam & Company conveyancing panel number.
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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
