Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Cynergy Bank conveyancing panel
- 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 be on the Cynergy Bank convincing panel
- 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.
- Significant delays in post completion requirements set by Cynergy Bank
Top questions concerning Cynergy Bank panel reinstatement
- Can we act for Cynergy Bank while the appeal for reinstatement on the Cynergy Bank panel is being reviewed? How do I find out if our reinstatement application to the Cynergy Bank panel is approved?
- What happens if our Cynergy Bank panel reinstatement application is refused and our client has a mortgage application with the Cynergy Bank?
- Is there a fee to revert back onto the Cynergy Bank conveyancing panel?
- Can you outline the application protocol to revert back onto the Cynergy Bank conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission 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 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.