Removal from the Adam & Company and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Adam & Company conveyancing panel
- 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.
- Non-compliance with the Adam & Company panel requirements, the written instructions that Adam & Company give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Adam & Company may subsequently subscribe.
- Failure to reapply to remain on the Adam & Company convincing panel
- Persistent delays in post completion requirements set by Adam & Company
Top questions concerning Adam & Company panel reinstatement
- What will happen if our Adam & Company panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Adam & Company?
- How often will this firm be required to re-apply to be reinstated on the Adam & Company conveyancing panel?
- What times frames are involved when applying to revert back onto the Adam & Company conveyancing panel?
- Can we act for Adam & Company while the appeal for reinstatement on the Adam & Company panel is being processed? How do I know if our reinstatement application to the Adam & Company panel is accepted?
- Am I restricted as to the number of occasions my firm can apply to get back on 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.