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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?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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Examples of recent questions relating to the Adam & Company Conveyancing Panel
My fiance and I are hoping to buy a 3 bedroom flat in Leeds with a mortgage from Adam & Company. We like our lawyer but Adam & Company says she’s not on their "panel". We have to appoint one of the Adam & Company panel firms or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Adam & Company conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Adam & Company
Expecting to move into my new home next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house 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 instructions.
I am looking for competitive conveyancing fees. Can I be confident that all the law firms that are identified on your directory are on the Adam & Company conveyancing panel?
The law firms listed on our site 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 not accurate.
We're in Liverpool, FTBs buying 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 solicitor firms on the Adam & Company conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Adam & Company conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Last month we had a mortgage agreed in principle with Adam & Company. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Adam & Company?
There is no definitive answer here. Have Adam & Company conducted the valuation? Have you advised Adam & Company as your lawyers details and checked that your lawyer is on the Adam & Company conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
We were going to get a DIP from Adam & Company this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Adam & Company recommend a solicitor on the Adam & Company conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Adam & Company conveyancing panel. The solicitor represents both you and the Adam & Company through the process.