Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated

  • Your law firm no longer meets the criteria to remain on the Cynergy Bank conveyancing panel
  • Recurring delays in post completion requirements on behalf of Cynergy Bank
  • Non-compliance 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 adopt.
  • 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.
  • Missing deadline to reapply to be on the Cynergy Bank convincing panel

Cynergy Bank panel reinstatement : You have questions, we have answers

  • What will happen if our Cynergy Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Cynergy Bank?
  • Are you able to explain why my firm’s application for reinstatement was rejected?
  • What times frames are involved when applying to be reinstated onto the Cynergy Bank conveyancing panel?
  • Am I restricted as to the number of times my firm can submit applications to get back on the Cynergy Bank conveyancing panel?
  • Can we act for Cynergy Bank while the appeal for reinstatement on the Cynergy Bank panel is being processed? How do I find out if our reinstatement application to the Cynergy Bank panel is accepted?

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.

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