Adam & Company Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk management tool.

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

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

Find a Law Firm approved by Adam & Company

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Adam & Company 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 has made 219 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.5 days. In total, 61% of the sections of P2 of the UK Finance Lenders’ Handbook for Adam & Company have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
3.1.5 01/12/2014 CML
1.14 14/01/2011 CML
12.3.1 14/01/2011 CML
16.5.2 14/01/2011 CML
17.1.1 14/01/2011 CML
3.1.5 14/01/2011 CML
4.3 14/01/2011 CML
5.14.11 14/01/2011 CML Defective Lease Indemnity Insurance
5.1.1 14/01/2011 CML
5.5.3b 14/01/2011 CML Lack of Planning Permission Indemnity Insurance

Last update 10/11/2019

Examples of recent questions relating to the Adam & Company Conveyancing Panel from members of the public

Am I correct in assuming that the fact that my solicitor is not identified on the Adam & Company Solicitor panel that there is a problem with the quality of the firm’s conveyancing?
That would more than likely be a wrong assumption to make. 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 top 3 reasons are as follows: (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.
My lawyer has identified an inconsistency between the assumptions in Adam & Company’s valuation survey and what is revealed within the title deeds. My lawyer informs me that as he is on the Adam & Company conveyancing panel he is duty bound to check that the bank is happy with this discrepancy and is content go ahead. Is my solicitor’s stance legitimate?
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) 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 you.
I require the services of a Adam & Company panel solicitor in Stirling. Could you help me?
Unfortunately it’s not apparent why you need a Adam & Company panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Adam & Company to find out which solicitors in Adam & Company are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am trying to get my former partner taken off the mortgage deeds. Can Adam & Company really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Adam & Company then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Adam & Company solicitors panel
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Adam & Company. Is there anyway to cut out the solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Adam & Company involved you will need to appoint a solicitor on the Adam & Company conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Adam & Company. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Adam & Company conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Adam & Company are being problematic. The solicitor who is on the Adam & Company conveyancing panel is saying indemnity insurance will be fine but Adam & Company are insisting on a building regulation certificate. Why do Adam & Company have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Adam & Company have referred the matter to their valuer. The reason why Adam & Company may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
I was told four weeks ago that my mortgage has been agreed to by Adam & Company. Is it usual for Adam & Company to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Adam & Company to deal with your lawyers application to be on the Adam & Company conveyancing panel. There's no guarantee that your solicitors will be accepted.