Adam & Company Conveyancing Panel : Questions and Answers
from members of the public
I appointed a law firm to conduct the legal paperwork on my house purchase three weeks ago having applied for a mortgage with Adam & Company. The firm confirmed to me that they are on Adam & Company conveyancing panel and gave me their panel reference. Adam & Company then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the conveyancing panel for Adam & Company?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Adam & Company as to the time frame to get your lawyer reinstated on the panel once again.
Our lawyer has uncovered a legal deficiency with the lease for the apartment we are buying. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised 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?
Just because you have a mortgage offer from Adam & Company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Adam & Company are the client. These conveyancing instructions have to be complied with by the Adam & Company conveyancing panel who has to balance acting for you and Adam & Company
I need to find a Adam & Company panel solicitor in Stirling. Can you assist?
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. At a fee of one pound per month it is not expensive to register on the site
My aunt passed away 10 months ago and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £8000. 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.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Adam & Company be concerned
As your lender is Adam & Company your lawyer must to check the Adam & Company conveyancing instructions contained in the Part of CML Handbook for Adam & Company . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Adam & Company where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
My brother and I have agreed a price on a flat I spoke to a lawyer previously used by my brother and he suggested using a law firm approved by Adam & Company. The estate agent recommended two local firms so I asked Adam & Company if the 2 suggested solicitors are approved, which they are not. Adam & Company suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Adam & Company 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Adam & Company for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Adam & Company conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Adam & Company conveyancing panel as it may only take about 2-3 weeks. As long as they meet Adam & Company’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Adam & Company 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 or your broker and complete any relevant paperwork. Adam & Company will tell you what documents they want. Adam & Company 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 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.