Removal from the Adam & Company and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering a charge on behalf of Adam & Company Delays or failure to register the Adam & Company charge may result in referral to external lawyers of Adam & Company to complete outstanding requirements.
- Adam & Company may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Your practice no longer meets the criteria to remain on the Adam & Company conveyancing panel
- Non-compliance 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 adopt.
- Recurring delays in post completion requirements on behalf of Adam & Company
Top questions concerning Adam & Company panel reinstatement
- Can you outline the application process to be reinstated onto the Adam & Company conveyancing panel?
- Is there a limit to the number of occasions my practice can submit applications to get back on the Adam & Company conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Adam & Company is turned down?
- Can this firm act for Adam & Company while the application for reinstatement on the Adam & Company panel is being assessed? How do I discover if our reinstatement application to the Adam & Company panel is approved?
- 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 preferred 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.