Removal from the Adam & Company and other lender panels: Why they do it and how to get reinstated
- 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.
- Your firm fails to meet the criteria to remain on the Adam & Company conveyancing panel
- Failure to reapply to be on the Adam & Company convincing 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.
- Persistent non-compliance with post completion requirements set by Adam & Company
Adam & Company panel reinstatement : You have questions, we have answers
- Am I restricted as to the amount of times my firm can submit applications to get back on the Adam & Company conveyancing panel?
- Does my practice need to apply annually to remain on the Adam & Company conveyancing panel?
- What will happen if our Adam & Company panel reinstatement application is refused and our client has a mortgage offer with the Adam & Company?
- What times frames are involved when applying to revert back onto 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 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.