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approved by Adam & Co
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.
Looking for information about your firm's panel status?Is my firm on the Adam & Company Conveyancing Panel? 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?
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Adam & Company Conveyancing Panel Example Support Desk Enquires
My Solicitor is not on the Adam & Company Approved Panel. Can I still continue with my family solicitor even though they are not on the Adam & Company approved list?
The most common options here are as follows:
- Carry on with your preferred solicitors but Adam & Company will need to instruct a lawyer on the Adam & Company conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Adam & Company conveyancing panel.
- Urge your lawyer to apply to join the Adam & Company lender panel
I am due to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Adam & Company. What risks do Adam & Company expect the insurance to cover?
All property lawyers on the Adam & Company conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Adam & Company’s Part 2 requirements of the CML Handbook (last updated on Adam & Company). Being on the Adam & Company conveyancing panel your lawyer is expect to follow these requirements.
Is it necessary during the course of the conveyancing process to pop into the offices of the Adam & Company conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Manchester 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.
We're in Wales, FTBs purchasing with a mortgage (lender is Adam & Company , but our lawyer is on the Adam & Company conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Adam & Company conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
is it true that all solicitors on the Adam & Company conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the Adam & Company conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Adam & Company. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
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.
For 5 years I had a mortgage with Adam & Company. My father retired last week and wants to pay off the mortgage left on the property. After Adam & Company is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Adam & Company conveyancing panel? I do not intend to live at the property once the Adam & Company mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Adam & Company panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.