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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
FAQs for the Adam & Company Solicitor Panel
My lawyer is not on the Adam & Company Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the Adam & Company panel?
You will need to have a conveyancer complete the legal work required when you take out a Adam & Company mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Adam & Company conveyancing panel additional costs will be incurred as separate legal representation will be required by Adam & Company. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Please help. My lawyer is assuring me that he has to order a Local Authority search stemming from the fact that the firm are on the Adam & Company solicitor panel. Is my lawyer correct?
You have limited options available to you. Given that you are taking out a loan with Adam & Company your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Adam & Company’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Adam & Company. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am looking for online conveyancing estimates. Can I be confident that all the firms that are listed on your site are on the Adam & Company conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Adam & Company panel and agreed to advise us to take down their listing in the event of removal off of the Adam & Company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Adam & Company conveyancing panel is not accurate.
I am selling my house. Does my solicitor have to be on the Adam & Company conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Adam & Company conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
When it comes to mortgage companies such as Adam & Company do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
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 conveyancing panel requirements are different to Adam & Company’s conveyancing panel requirements.
We are getting a further advance on our mortgage from Adam & Company as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Adam & Company conveyancing panel to deal with the paperwork?
Adam & Company do not ordinarily appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Adam & Company panel
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