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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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How does my firm apply to be on the Adam & Company International Conveyancing Panel? How can my firm be reinstated onto the Adam & Company International Conveyancing Panel?Find an Approved Solicitor on the Adam & Company International Conveyancing Panel
Q and A’s regarding the Adam & Company International Solicitor Panel
For what reasons could a law firm be removed from the Adam & Company International approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by 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 disclose this to my lender Adam & Company International. Apparently, 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 advised 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 purchasing a house and need a conveyancing solicitor in Newcastle who is on the Adam & Company International solicitor. Could you point me in the right direction as regards a 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.
I am trying to get my ex-husband taken off the mortgage deeds. Can Adam & Company International really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Adam & Company International then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Adam & Company International solicitors panel
Do conveyancing lawyers on the Adam & Company International conveyancing panel work on a no move no charge basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
Do most banks 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 International conveyancing panel requirements are different to Adam & Company International’s conveyancing panel criteria.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Adam & Company International be concerned
Given that you are obtaining a mortgage with Adam & Company International your lawyer must to check the Adam & Company International conveyancing instructions contained in the Part of CML Handbook for Adam & Company International . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Adam & Company International where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.