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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.
Find an Approved Solicitor on the Adam & Company Conveyancing Panel
FAQs for the Adam & Company Conveyancing Panel
I appointed a firm of solicitors to work on my house purchase 4 weeks ago having applied for a mortgage with Adam & Company. The solicitors reassured me that they are on Adam & Company conveyancing panel and gave me their panel number. Adam & Company then told me that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for Adam & Company?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Adam & Company as to the time frame to get your lawyer reinstated on the panel once again.
Our solicitor has uncovered a defect with the lease for the flat we are purchasing. The other side have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the Adam & Company conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Adam & Company?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Adam & Company are the client. 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). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Adam & Company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
I am Googling for conveyancing quotes online. Can I be confident that all the law firms that are identified on your site are on the Adam & Company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us 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 mortgage company or a member of the public that the data about a specific firm being on the Adam & Company conveyancing panel is incorrect.
The firm that I recently instructed on my house acquisition in Newcastle has without warning shut down. I chose them because I needed a solicitor on the Adam & Company conveyancing panel and my preferred lawyer was not. I paid them £200 on account. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know 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 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 lawyers should be in a position to assist
When it comes to lenders such as Adam & Company do solicitors 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.
Hi, thinking about buying a house off my mate. Once we agree a price, 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.
Completion of my remortgage has taken place with a loan from Adam & Company. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about Adam & Company. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the Adam & Company branches or the Customer Services Department at Adam & Company head office. Ordinarily complaints to Adam & Company are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.