Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Cynergy Bank
- Your practice fails to meet the criteria to remain on the Cynergy Bank conveyancing panel
- Failure to act in accordance with the Cynergy Bank panel terms, 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.
- 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 provides false answers in its application form or in relation to any future requests for information.
FAQs : Cynergy Bank Conveyancing panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Cynergy Bank conveyancing panel?
- Can you outline the application procedures to revert back onto the Cynergy Bank conveyancing panel?
- Is there a fee to revert back onto the Cynergy Bank conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement was declined?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Cynergy Bank is 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.