Removal from the Adam & Company and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Adam & Company conveyancing panel
- Persistent delays in registering security 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.
- Persistent delays in post completion requirements on behalf of Adam & Company
- 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.
Adam & Company panel reinstatement: Five Common Questions
- Can you outline the application protocol to revert back onto the Adam & Company conveyancing panel?
- Can this firm act for Adam & Company while the application for reinstatement on the Adam & Company panel is being progressed? How do I find out if our reinstatement appeal to the Adam & Company panel is accepted?
- What are the next steps open to me if our Adam & Company panel reinstatement application is turned down and the client of the firm has a mortgage application with the Adam & Company?
- Am I restricted as to the number of times my firm can apply to be reinstated on the Adam & Company conveyancing panel?
- Is there a fee 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.