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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to reapply to remain on the Cynergy Bank convincing panel
- Significant non-compliance with post completion requirements on behalf of Cynergy Bank
- Your practice no longer meets the criteria to remain on the Cynergy Bank conveyancing panel
- Failure to act in accordance with the Cynergy Bank panel requirements, the written instructions that Cynergy Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cynergy Bank may subsequently adopt.
Frequently asked questions concerning Cynergy Bank panel reinstatement
- Can we act for Cynergy Bank while the appeal for reinstatement on the Cynergy Bank panel is being assessed? How do I discover if our reinstatement appeal to the Cynergy Bank panel is approved?
- Is it possible to find out this practice’s application for reinstatement was declined?
- What are our options if our reinstatement panel submission with Cynergy Bank is declined?
- Can you outline the application protocol to revert back onto the Cynergy Bank conveyancing panel?
- How long does the application process take when applying 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.