Adam & Company International Solicitor Panel Recently Asked Questions from members of the public
My financial adviser has has requested my lawyer’ panel reference for the Adam & Company International conveyancing panel. What is the best way to find this out. I have contacted my local Adam & Company International office but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Adam & Company International.
I am purchasing a brand new duplex and my conveyancer is informing me that she has to reveal incentives from the developer as her practice is on the Adam & Company International conveyancing panel. I am on a tight deadline to exchange and I have no desire to delay deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Adam & Company International approved panel is to comply with the CML Handbook requirements (last updated for this lender on Adam & Company International). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your database of lawyers on the Adam & Company International conveyancing panel? Do Adam & Company International send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Adam & Company International conveyancing panel as opposed to being supplied with a list from Adam & Company International directly.
I was expecting to move into my flat last Friday. My solicitor is on the Adam & Company International solicitors panel but has changed address in the past couple of months and had not advised Adam & Company International of their new address. Adam & Company International is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Adam & Company International branch or your mortgage broker to see if they can help.
Do conveyancing lawyers on the Adam & Company International conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
My fiance and I are spending time viewing flats and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I will be getting a mortgage with Adam & Company International
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Adam & Company International , ask your prospective lawyers check they are on the Adam & Company International conveyancing panel otherwise they can't do the mortgage legal work.
Adam & Company International have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Adam & Company International or your broker and complete any relevant paperwork. Adam & Company International will tell you what documents they want. Adam & Company International will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Adam & Company International will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.