Find a Law Firm
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?Find an Approved Solicitor on the Adam & Company Conveyancing Panel
FAQs : The Adam & Company Conveyancing Panel
I have just been informed by my lender that my lawyer is not on the Adam & Company Solicitor panel. What can I do to be sure that this is correct?
You need to contact your conveyancer. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved Adam & Company solicitor panel.
Our conveyancer has discovered a problem with the lease for the apartment we are purchasing. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer says 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.
Do banks and building societies provide you with an approved list of solicitors? How do you know who is on the Adam & Company conveyancing panel?
The firms themselves provide us confirmation that they are on the Adam & Company conveyancing panel as opposed to being supplied with a list from Adam & Company directly.
My grandmother passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Adam & Company , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Adam & Company will insist on your using a conveyancer on the Adam & Company conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Adam & Company conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Adam & Company mortgage is registered as a charge at the Land Registry.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Adam & Company conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
When it comes to mortgage companies such as Adam & Company do solicitors have to be pay a fee to be on the list of approved solicitors?
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.
After much negotiation I have agreed a price on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 200. Soon after the conveyancers contacted me to say that they were not on the Adam & Company conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Adam & Company panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Other Topics
Transfer of Equity for Adam & CompanyPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors