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Cynergy Bank Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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Is my firm on the
Cynergy Bank Conveyancing Panel?
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How can my firm apply to be on the Cynergy Bank Conveyancing Panel?
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How can my firm be reinstated onto the Cynergy Bank Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Cynergy Bank’s changes. Even though using the tool is not a condition for acceptance on the Cynergy Bank panel, demonstrating you can remain up to date with Cynergy Bank’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Cynergy Bank

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Cynergy Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Cynergy Bank has made 184 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 14.8 days. In total, 40% of the sections of P2 of the UK Finance Lenders’ Handbook for Cynergy Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,
Book a Personalised Demo

Cynergy Bank Solicitor Panel Recently Asked Questions from members of the public

I instructed a firm of solicitors to work on my house purchase 5 weeks ago having applied for a mortgage with Cynergy Bank. The solicitors assured me that they are on Cynergy Bank conveyancing panel and gave me their panel number. Cynergy Bank then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for Cynergy Bank?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Cynergy Bank as to the time frame to get your lawyer reinstated on the panel once again.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Cynergy Bank will not agree to this. Why was Cynergy Bank even consulted?
Your lawyer being on the Cynergy Bank conveyancing panel is duty bound to inform Cynergy Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Cynergy Bank then they would have to discontinue acting for you and Cynergy Bank.
Whilst your website is a good idea there are many lawyers listed near Manchester on the Cynergy Bank conveyancing panel. Can you recommend a specific firm on the Cynergy Bank approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
Please explain the implications if my lawyer’s firm is suspended from the Cynergy Bank Solicitor panel before the completion date?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Is there a list of Cynergy Bank panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Cynergy Bank conveyancing panel requirements are different to Cynergy Bank’s conveyancing panel criteria.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Cynergy Bank be concerned
Given that you are obtaining a mortgage with Cynergy Bank your lawyer must to check the Cynergy Bank conveyancing instructions contained in the Part of CML Handbook for Cynergy Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Cynergy Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.

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