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 Terms and Conditions
- 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.
- Missing deadline to reapply to remain on the Cynergy Bank convincing panel
- 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.
Questions Cynergy Bank panel reinstatement firms ask us
- Please can you set out the application procedures to revert back onto the Cynergy Bank conveyancing panel?
- Am I restricted as to the amount of occasions my firm can apply to get back on the Cynergy Bank conveyancing panel?
- What are our options if my firm’s reinstatement panel application with Cynergy Bank is declined?
- Are you able to explain why my firm’s application for reinstatement was turned down?
- Is it the practice manager who is required to sign the reinstatement application to the Cynergy Bank 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 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.