Frequently asked questions relating to the Adam & Company International Solicitor Panel
from members of the public
I would like to know the reason why all UK lawyers aren't included on the Adam & Company International Solicitor panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
My solicitor has spotted an inconsistency between the assumptions in Adam & Company International’s valuation survey and what is in the title deeds. My lawyer says that as he is on the Adam & Company International conveyancing panel he needs to check that the bank is with this discrepancy and is content go ahead. Is my solicitor’s approach right?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Adam & Company International conveyancing panel. My lawyer has said that they are on the Adam & Company International approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Adam & Company International conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Adam & Company International solicitor panel.
I am purchasing a terraced house and getting a mortgage with Adam & Company International. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Adam & Company International conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Adam & Company International conveyancing panel in your location.
Can you point me to a directory of Adam & Company International panel solicitors on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We are getting a further advance on our mortgage from Adam & Company International as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Adam & Company International conveyancing panel to deal with the paperwork?
Adam & Company International would not normally instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Adam & Company International list
I was told four weeks ago that my mortgage has been agreed
to by Adam & Company International. Is it usual for Adam & Company International to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Adam & Company International to deal with your lawyers application to be on the Adam & Company International conveyancing panel. There's no guarantee that your solicitors will be accepted.