Cynergy Bank
Challenger BankCynergy Bank, formerly Bank of Cyprus UK, is a challenger bank specialising in buy-to-let and commercial mortgage lending through brokers. They serve professional landlords and small business owners with flexible criteria and a personal approach to underwriting complex portfolio cases.
About Cynergy Bank
Cynergy Bank was formerly known as Bank of Cyprus UK before rebranding. The bank specialises in buy-to-let and commercial mortgage lending through brokers. Cynergy serves professional landlords and small business owners with flexible criteria and a personal approach to underwriting. The bank has developed expertise in complex portfolio cases.
Cynergy offers products for professional landlords including portfolio and limited company lending. The bank also provides commercial mortgages for small business owners. Cynergy's underwriting approach considers each case on its merits rather than applying rigid criteria.
Cynergy Bank is broker-only and works with mortgage intermediaries across the UK. The bank is regulated by the FCA and PRA and holds a full UK banking licence. Cynergy has built a strong presence in the specialist BTL and commercial mortgage market.
Lending Focus
Cynergy Bank offers mortgage products across 4 categories including Buy-to-Let, Commercial, Limited Company and 1 more.
Key Features
- Specialist BTL lending for professional landlords
- Commercial mortgages for small businesses and investors
- Portfolio landlord expertise with flexible criteria
- HMO and multi-unit freehold block lending
- Dedicated relationship managers for broker partners
Pros & Cons
Pros
- Specialist BTL and commercial lender with deep portfolio landlord expertise
- Flexible criteria for HMO and multi-unit freehold blocks
- PRA-regulated challenger bank with deposit-taking stability
- Dedicated relationship managers for broker partners
Cons
- –Broker-only — no direct-to-consumer access
- –No residential mortgage or bridging products
- –Does not accept adverse credit borrowers
Fees & Charges
- Arrangement Fee
- Typically 1–1.5% of the loan amount — product-dependent
- Valuation Fee
- Varies by property value — instructed upon application
- Early Repayment Charge
- Typically applies during fixed-rate period — varies by product
- Overpayment Allowance
- Up to 10% of outstanding balance per year on most products
Mortgage Rates
Rate data coming soon. View rates on Cynergy Bank
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 3–6 weeks from application to offer
- Online DIP
- No — via broker or branch
- Offer Valid For
- 3 months from date of offer
Lending Criteria
- Maximum LTV
- 75%
Frequently Asked Questions
What was Cynergy Bank previously called?
Cynergy Bank was formerly known as Bank of Cyprus UK before rebranding in 2018 to reflect its new ownership and strategic direction.
Does Cynergy Bank offer residential mortgages?
No, Cynergy Bank focuses on buy-to-let and commercial mortgage lending and does not offer standard residential mortgage products.
Can portfolio landlords apply to Cynergy Bank?
Yes, Cynergy Bank has specific expertise in portfolio landlord cases and offers flexible criteria for professional property investors.
Does Cynergy Bank lend on HMO properties?
Yes, Cynergy Bank provides specialist BTL lending including HMO and multi-unit freehold block properties.
How to Apply
Broker only. Cynergy Bank products are available through mortgage brokers. Find a broker with Cynergy Bank on their panel.
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Paragon Bank | Buy-to-Let, Commercial, Development+2 | Specialist | 80% |
| Allica Bank | Buy-to-Let, Commercial, Bridging+3 | Challenger | 75% |
| Octopus Real Estate | Buy-to-Let, Commercial, Bridging+3 | Specialist | 75% |
| Aldermore | Residential, Buy-to-Let, Commercial+1 | Specialist | 85% |
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