Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Cynergy Bank conveyancing panel requirements
- Failure to act in accordance with the Cynergy Bank panel terms, the written instructions that Cynergy Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cynergy Bank may subsequently subscribe.
- 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.
- Your law firm no longer meets the criteria to remain on the Cynergy Bank conveyancing panel
Cynergy Bank panel reinstatement: Five Common Questions
- Am I restricted as to the number of times my practice can submit applications to get back on the Cynergy Bank conveyancing panel?
- What is the application procedures to be reinstated onto the Cynergy Bank conveyancing panel?
- Can we act for Cynergy Bank while the application for reinstatement on the Cynergy Bank panel is being assessed? How do I find out if our reinstatement appeal to the Cynergy Bank panel is approved?
- Is there a fee to be reinstated onto the Cynergy Bank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement was declined?
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.