Adam & Company International Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This software assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Adam & Company International’s changes. Notwithstanding that using COMPLETIONmonitor is not a prerequisite for Adam & Company International , demonstrating you can stay up to date with Adam & Company International’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Adam & Company International

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Adam & Company International are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Adam & Company International has made 216 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.6 days. In total, 61% of the sections of P2 of the UK Finance Lenders’ Handbook for Adam & Company International have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
14.1.5 28/05/2013 CML
14.2.2 24/01/2011 CML
16.5.3a 24/01/2011 CML
16.5.3c 24/01/2011 CML
1.7 24/01/2011 CML
5.15.2b 24/01/2011 CML
5.16.2 24/01/2011 CML
5.17.5a 24/01/2011 CML
5.5.3c 24/01/2011 CML
6.1.3 24/01/2011 CML

Last update 17/03/2019

FAQs : The Adam & Company International Conveyancing Panel from members of the public

Am I correct in assuming that the fact that my solicitor is not on the Adam & Company International Conveyancing panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Adam & Company International.
My husband and I intend to remortgage our maisonette with Adam & Company International. We have a son 19 who lives with us. The solicitor on the Adam & Company International conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Adam & Company International conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Adam & Company International .This is solely used to protect the Adam & Company International if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Adam & Company International had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I have been searching for competitive conveyancing fees. Can I be assured that all the practices that are listed on your site are on the Adam & Company International conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Adam & Company International panel and agreed to advise us to take down their listing in the event of removal off of the Adam & Company International panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Adam & Company International conveyancing panel is incorrect.
My solicitors in Leeds have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Adam & Company International. Is it case that being on the Adam & Company International conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Adam & Company International Conveyancing Panel Terms. It might be worth you contacting Adam & Company International directly.
I had instructed online solicitors located in London who are on the Adam & Company International solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Adam & Company International mortgage. Is this an additional conveyancing fee specified by Adam & Company International?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Adam & Company International but by your lawyers. Some firms on the Adam & Company International will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Adam & Company International conveyancing panel requirements are different to Adam & Company International’s conveyancing panel requirements.
Completion of my purchase has taken place with a loan from Adam & Company International. Conveyancing was of an acceptable standard but I would like to complain about Adam & Company International. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the Adam & Company International branches or the Customer Services Team at Adam & Company International head office. Ordinarily complaints to Adam & Company International are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service who will take matters further.