Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Cynergy Bank panel terms, the written instructions that Cynergy Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cynergy Bank may subsequently subscribe.
- Cynergy Bank 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.
- Missing deadline to reapply to remain on the Cynergy Bank convincing panel
- Persistent delays in registering security on behalf of Cynergy Bank Delays or failure to register the Cynergy Bank charge may result in referral to external lawyers of Cynergy Bank to complete outstanding requirements.
- Breaches of Cynergy Bank conveyancing panel Terms and Conditions
How can we assist? Cynergy Bank panel reinstatement questions
- Am I restricted as to the amount of occasions my firm can submit applications to be reinstated on the Cynergy Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Cynergy Bank conveyancing panel?
- Is there a fee to revert back onto the Cynergy Bank conveyancing panel?
- What is the application procedures to revert back onto the Cynergy Bank conveyancing panel?
- What are the consequences if our Cynergy Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Cynergy Bank?
Top Tip: The best way to avoid the hassle of seeking Cynergy Bank panel reinstatement is to ensure that your firm is not removed off of the Cynergy Bank 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 Cynergy Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Cynergy Bank 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 Cynergy Bank conveyancing panel.