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approved by Adam & Co Int
Ready to buy a new home? Failing to check that a lawyer is on the Adam & Co Int list of approved solicitors can put your transaction at risk of delay or failure.
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Much to my surprise I have been told by my mortgage adviser that my the law firm I have appointed is not on the Adam & Company International Conveyancing panel. How can I be certain that this is indeed the case?
You need to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Adam & Company International.
We are only a couple days away from an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Adam & Company International. I am advised that, being on the Adam & Company International conveyancing panel and acting on their behalf he must inform Adam & Company International if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Adam & Company International to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Adam & Company International if you agree, failing which, your lawyer must cease to continue acting.
I am looking to buy a property and need a conveyancing solicitor in Leeds who is on the Adam & Company International approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Adam & Company International . We don’t recommend any particular firm.
The lawyers that just started acting on my house acquisition in Newcastle has suddenly closed. They were on acting for me because I had to have a solicitor on the Adam & Company International conveyancing panel and my family lawyer was not. I gave my credit card details for them to take £175 for searches. What are my options?
If you have an estate agent involved then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Adam & Company International conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Adam & Company International. Is it possible to avoid using solicitors to save on the costs? 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 International involved you will need to appoint a solicitor on the Adam & Company International 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 International. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Adam & Company International conveyancing panel.
My ex -wife’s name is on the Adam & Company International mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Adam & Company International mortgage in order to sell?
As regards the Adam & Company International mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Adam & Company International in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Adam & Company International?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Adam & Company International conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Adam & Company International and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.