Removal from the Cynergy Bank and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets 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.
- Persistent 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.
- Significant delays in post completion requirements set by Cynergy Bank
- Breaches of Cynergy Bank conveyancing panel Terms and Conditions
Top questions concerning Cynergy Bank panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Cynergy Bank conveyancing panel?
- What will happen if our Cynergy Bank panel reinstatement application is declined and our client has a mortgage application with the Cynergy Bank?
- Is there a limit to the number of times my firm can submit applications to get back on the Cynergy Bank conveyancing panel?
- Is there a fee to be reinstated onto the Cynergy Bank conveyancing panel?
- Can we act for Cynergy Bank while the application for reinstatement on the Cynergy Bank panel is being assessed? How do I know if our reinstatement appeal 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 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.