Has your law firm been removed off of the Cynergy Bank property lawyer panel?

Top reasons legal practices require reinstatement onto the Cynergy Bank conveyancing panel

  1. 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.
  2. Your practice no longer meets the criteria to remain on the Cynergy Bank conveyancing panel
  3. Failure to reapply to be on the Cynergy Bank convincing panel
  4. Recurring non-compliance with post completion requirements on behalf of Cynergy Bank
  5. 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.

Questions Cynergy Bank panel reinstatement firms ask us

  1. Is there a fee to revert back onto the Cynergy Bank conveyancing panel?
  2. Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Cynergy Bank conveyancing panel?
  3. Is it the practice manager who is required to complete the reinstatement application to the Cynergy Bank panel ?
  4. Can we appeal if my firm’s application for reinstatement is refused?
  5. Can we act for Cynergy Bank while the application for reinstatement on the Cynergy Bank panel is being progressed? How do I know 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.