Adam & Company Conveyancing Lender Panel Compliance Tool

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

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Adam & Company’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for being on the Adam & Company panel, demonstrating you can stay up to date with Adam & Company’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Adam & Company

Mortgage companies 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, frequently:

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
10.10 14/01/2011 CML
10.11 14/01/2011 CML
10.2b 14/01/2011 CML
10.3 14/01/2011 CML
16.4.1 14/01/2011 CML
16.5.3c 14/01/2011 CML
16.5.3d 14/01/2011 CML
5.14.12 14/01/2011 CML
5.5.3c 14/01/2011 CML
6.12.1 14/01/2011 CML

Last update 15/03/2019

Adam & Company Solicitor Panel Example Support Desk Enquires from members of the public

It has come to my attention via my estate agent that my solicitor is not on the Adam & Company Conveyancing panel. What can I do to be certain that this is indeed the case?
You need to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Adam & Company.
can you help? My lawyer is informing me me that he has to apply for a Local Authority search because the firm are on the Adam & Company solicitor panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with Adam & Company your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Adam & Company’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Adam & Company. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am buying a flat and need a conveyancing solicitor in London who is on the Adam & Company solicitor. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Adam & Company . We don’t recommend any particular firm.
I am remortgaging my house does my lawyer need to be on the Adam & Company Solicitor panel?
In theory, you could use a solicitor that is not on Adam & Company conveyancing panel, but Adam & Company would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I previously instructed online solicitors based in Manchester who are on the Adam & Company solicitor panel. They are now charging me a separate fee of £175 for dealing with the Adam & Company mortgage. Is this a supplemental conveyancing fee specified by Adam & Company?
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 but by your lawyers. Some firms on the Adam & Company will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I have paid off my mortgage with Adam & Company. I assume I don't need a solicitor on the Adam & Company panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Adam & Company mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Adam & Company mortgage from the register. Adam & Company,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Adam & Company has sent the Land Registry the discharge electronically, and the Adam & Company has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Adam & Company mortgage has been paid off.
I have a mortgage with Adam & Company. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Adam & Company?
Adam & Company must be informed of your intention prior to renting 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. It should not be necessary to do this via a Adam & Company conveyancing panel lawyer.