Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated

  • Missing deadline to reapply to remain on the Cynergy Bank convincing panel
  • Cynergy Bank 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.
  • Breaches of Cynergy Bank conveyancing panel Terms and Conditions
  • Recurring non-compliance with post completion requirements on behalf of Cynergy Bank
  • Recurring 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.

Cynergy Bank panel reinstatement : You have questions, we have answers

  • How do I discover why my firm’s application for reinstatement was rejected?
  • Am I restricted as to the amount of times my firm can apply to get back on the Cynergy Bank conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the Cynergy Bank conveyancing panel?
  • Does my practice need to apply annually to be reinstated on the Cynergy Bank conveyancing panel?
  • Please can you set out the application protocol to be reinstated onto the Cynergy Bank conveyancing panel?

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.

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