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Ready to buy a new home? Failing to check that a lawyer is on the Adam & Co list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Adam & Company Conveyancing Panel? How can my firm be reinstated onto the Adam & Company Conveyancing Panel?Find an Approved Solicitor on the Adam & Company Conveyancing Panel
Adam & Company Conveyancing Panel : Questions and Answers
My mortgage broker has has requested my law firm’s panel reference for the Adam & Company conveyancing panel. How do I obtain this. I have tried my local Adam & Company branch but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Adam & Company.
My lawyer has identified a difference between the assumptions in Adam & Company’s valuation survey and what is in the title deeds. My lawyer says that as he is on the Adam & Company conveyancing panel he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
A precondition to being on the Adam & Company approved panel is to comply with the CML Handbook requirements (last updated for this lender on Adam & Company) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do I have to visit the offices of the Adam & Company conveyancing panel solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Bristol
so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for Adam & Company undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am in the process of mortgaging my property does my lawyer have to be on the Adam & Company Solicitor panel?
There is nothing to stop you using your solicitor but Adam & Company will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Adam & Company conveyancing panel requirements are different to Adam & Company’s conveyancing panel criteria.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Adam & Company. Is it possible to avoid using solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Adam & Company involved you will need to appoint a solicitor on the Adam & Company conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Adam & Company. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Adam & Company conveyancing panel.
My brother and I have agreed a price on a flat I spoke to a conveyancer previously used by my mum and he advised retaining a property lawyers approved by Adam & Company. The estate agent recommended two local firms so I asked Adam & Company if the 2 suggested solicitors are approved, which they are not. Adam & Company suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Adam & Company 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Adam & Company to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Adam & Company conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Adam & Company conveyancing panel as it may only take about 2-3 weeks. As long as they meet Adam & Company’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
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