Removal from the Adam & Company and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Adam & Company panel terms, the written instructions that Adam & Company provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Adam & Company may subsequently subscribe.
- Adam & Company may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to reapply to be on the Adam & Company convincing panel
- Your firm fails to meet the criteria to remain on the Adam & Company conveyancing panel
- Significant non-compliance with post completion requirements set by Adam & Company
Top questions concerning Adam & Company panel reinstatement
- Is there a cost to be reinstated onto the Adam & Company conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement is declined?
- What happens if our Adam & Company panel reinstatement application is declined and our client has a mortgage offer with the Adam & Company?
- Is the door firmly shut if my firm’s reinstatement panel submission with Adam & Company is turned down?
- How long does the application process take when applying to revert back onto the Adam & Company conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Adam & Company panel reinstatement is to ensure that your firm is not removed off of the Adam & Company conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Adam & Company conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Adam & Company directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Adam & Company conveyancing panel.