Adam & Company Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Adam & Company’s changes. While using this technology 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 creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Adam & Company

Lenders often change 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 221 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.4 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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Adam & Company Conveyancing Panel : Questions and Answers from members of the public

My Solicitor is not on the Adam & Company Approved Panel. Can I still retain my preferred solicitor notwithstanding that they are excluded from the Adam & Company panel of approved conveyancing solicitors?
You will need to have a conveyancer complete the legal work required when you take out a Adam & Company mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Adam & Company conveyancing panel additional costs will be incurred as separate legal representation will be required by Adam & Company. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My fiance and I are refinancing our flat with Adam & Company. We have a son 18 who lives with us. The solicitor on the Adam & Company conveyancing panel has asked us to disclose any adults 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 repossessed. I have two concerns (1) Is this document specific to the Adam & Company conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right 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 .This is solely used to protect the Adam & Company 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 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.

How up to date is your search tool for the Adam & Company conveyancing panel? Do Adam & Company send you an updated list?
The firms themselves provide us confirmation that they are on the Adam & Company conveyancing panel as opposed to being supplied with a list from Adam & Company directly.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Adam & Company conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Adam & Company conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We were going to get a DIP from Adam & Company this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Adam & Company recommend a solicitor on the Adam & Company conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Adam & Company conveyancing panel. The solicitor represents both you and the Adam & Company through the process.
I have a mortgage with Adam & Company. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Adam & Company?
You must advise Adam & Company before letting out your property as this is likely to be a breach of Adam & Company’s mortgage conditions. It may be that Adam & Company will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Adam & Company directly. You need not do this via a Adam & Company conveyancing panel solicitor.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Adam & Company are being a right pain. 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.