Cynergy Bank Conveyancing Panel Information

We only know of two or three lenders that operate a separate conveyancing panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with Cynergy Bank. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Cynergy Bank

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Cynergy Bank conveyancing panel to see if you are entitled to a reason.

With banks and property lawyers working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Cynergy Bank conveyancing panel but for all mortgage panels

We would recommend that you provide details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not adversely impact your firm’s application but gives the Law Society a complete picture of what has gone on.

You should contact Cynergy Bank to obtain standard documents. The CML Handbook incorporates a specific inquiry for banks to reveal who to contact to obtain standard documents. Cynergy Bank in their Part 2’s state: You will need to disclose your Cynergy Bank conveyancing panel reference.