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
  • Breaches of Cynergy Bank conveyancing panel 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.
  • Recurring non-compliance with post completion requirements set by Cynergy Bank
  • Your firm fails to meet the criteria to remain on the Cynergy Bank conveyancing panel

Questions Cynergy Bank panel reinstatement firms ask us

  • Is there a fee to be reinstated onto the Cynergy Bank conveyancing panel?
  • How often will this firm be required to re-apply to remain on the Cynergy Bank conveyancing panel?
  • How do I discover why our application for reinstatement was refused?
  • Am I restricted as to the amount of occasions my firm can apply to get back on the Cynergy Bank conveyancing panel?
  • Can this firm act for Cynergy Bank while the application for reinstatement on the Cynergy Bank panel is being reviewed? How do I discover if our reinstatement application to the Cynergy Bank panel is accepted?

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 appointed 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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