Removal from the Adam & Company and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Adam & Company panel terms, 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.
- Significant 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.
- Your firm fails to meet the criteria to remain on the Adam & Company conveyancing panel
- 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.
- Breaches of Adam & Company conveyancing panel requirements
How can we assist? Adam & Company panel reinstatement questions
- Is there a fee to revert back onto the Adam & Company conveyancing panel?
- Who should sign the reinstatement application to the Adam & Company panel ?
- How often will this firm be required to re-apply to be reinstated on the Adam & Company conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel application with Adam & Company is turned down?
- What times frames are involved when applying to be reinstated 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.