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 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 subscribe.
  • Recurring delays in post completion requirements set by Cynergy Bank
  • Your firm no longer meets the criteria to remain on the Cynergy Bank conveyancing panel
  • Significant delays in registering security 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 panel reinstatement : You have questions, we have answers

  • Who should sign the reinstatement application to the Cynergy Bank panel ?
  • What is the application process to be reinstated onto the Cynergy Bank conveyancing panel?
  • Can we appeal if my firm’s application for reinstatement is rejected?
  • To what extent is my firm permanently excluded if our reinstatement panel application with Cynergy Bank is refused?
  • Am I restricted as to the number of times my firm can submit applications to be reinstated on 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.

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