Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements set by Cynergy Bank
- Breaches of Cynergy Bank conveyancing panel Terms and Conditions
- 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.
- Non-compliance 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 subscribe.
- Missing deadline to reapply to remain on the Cynergy Bank convincing panel
Frequently asked questions concerning Cynergy Bank panel reinstatement
- Is there a fee to revert back onto the Cynergy Bank conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Cynergy Bank is refused?
- What is the application protocol to revert back onto the Cynergy Bank conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Cynergy Bank conveyancing panel?
- How do I discover why my firm’s application for reinstatement was rejected?
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.