Cynergy Bank Conveyancing Panel Recently Asked Questions
from members of the public
I was advised recently by my estate agent that my the law firm I have appointed is not on the Cynergy Bank Conveyancing panel. How can I be sure that this is correct?
The best course of action for you to take is to contact your conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Cynergy Bank.
My lawyer has identified a difference between the surveyor’s assumptions in Cynergy Bank’s home valuation survey and what is in the conveyancing documents. My solicitor says that as he is on the Cynergy Bank conveyancing panel he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s stance correct?
A precondition to being on the Cynergy Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Cynergy Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I require the services of a Cynergy Bank panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Cynergy Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Cynergy Bank to find out which solicitors in Cynergy Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am buying a semi-detached house and getting a mortgage with Cynergy Bank. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Cynergy Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Cynergy Bank conveyancing panel in your location.
When it comes to lenders such as Cynergy Bank do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have a mortgage with Cynergy Bank. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Cynergy Bank?
Your original mortgage agreement with Cynergy Bank will provide that you need their approval prior to renting your property as this is likely to be a breach of Cynergy Bank’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Cynergy Bank directly. It should not be necessary to do this via a Cynergy Bank conveyancing panel lawyer.
Me and my partner are buying a terraced house in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My agentrecommended that we check that the solicitor in Hendon is on the Cynergy Bank list of approved conveyancing firms. Is this right?
Far from all Hendon conveyancing practices are on the Cynergy Bank conveyancing panel. 7 people a month use our search tool to locate a Hendon conveyancing solicitor
on the on the Cynergy Bank list of approved conveyancing firms.