Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge 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 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.
- Missing deadline to reapply to remain on the Cynergy Bank convincing panel
- Breaches of Cynergy Bank conveyancing panel Terms and Conditions
- Your law firm fails to meet the criteria to remain on the Cynergy Bank conveyancing panel
Top questions concerning Cynergy Bank panel reinstatement
- Can this firm act for Cynergy Bank while the appeal for reinstatement on the Cynergy Bank panel is being assessed? How do I discover if our reinstatement application to the Cynergy Bank panel is accepted?
- Is there a cost to revert back onto the Cynergy Bank conveyancing panel?
- Is there a limit to the number of occasions my practice can apply to be reinstated on the Cynergy Bank conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is refused?
- Does my practice need to apply annually to remain on 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.