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approved by CynergyBank
Ready to buy a new home? Failing to check that a lawyer is on the CynergyBank list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?How does my firm apply to be on the Cynergy Bank Conveyancing Panel? How can my firm be reinstated onto the Cynergy Bank Conveyancing Panel?
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Q and A’s regarding the Cynergy Bank Solicitor Panel
What is the rationale as to why all property lawyers are not on the Cynergy Bank Conveyancing panel?
As unjust as it may seem for Cynergy Bank to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Cynergy Bank are limiting their panel of approved conveyancing lawyers to a manageable size. The Cynergy Bank lawyer panel is not the smallest
My conveyancer has uncovered a discrepancy when comparing the information in Cynergy Bank’s valuation report and what is in the title deeds. My solicitor says that as he is on the Cynergy Bank conveyancing panel he is obliged to check that the lender is happy with this discrepancy and is content go ahead. Is my solicitor’s stance legitimate?
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 you.
Is it necessary during the course of the conveyancing process to attend the offices of the Cynergy Bank conveyancing panel solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Bristol so that I can pop in to their offices if required.
Most conveyancing panel lawyers for Cynergy Bank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My grandmother passed away last year and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Cynergy Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Cynergy Bank will insist on your using a conveyancer on the Cynergy Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Cynergy Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Cynergy Bank mortgage is registered as a charge at the Land Registry.
Can you point me to a directory of Cynergy Bank panel conveyancers on the CML Handbook 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.
I am due to exchange contracts on my house. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Cynergy Bank are being pedantic. The solicitor who is on the Cynergy Bank conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Cynergy Bank are requiring a building regulation certificate. Why do Cynergy Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Cynergy Bank have referred the matter to their valuer. The reason why Cynergy Bank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My ex -wife’s name is on the Cynergy Bank mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Cynergy Bank mortgage in order to sell?
As regards the Cynergy Bank mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Cynergy Bank in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.