Removal from the Virgin and other lender panels: Why they do it and how to get reinstated

  • Significant delays in registering a charge on behalf of Virgin Delays or failure to register the Virgin charge may result in referral to external lawyers of Virgin to complete outstanding requirements.
  • Your firm fails to meet the criteria to remain on the Virgin conveyancing panel
  • Failure to reapply to remain on the Virgin convincing panel
  • Non-compliance with the Virgin panel terms, the written instructions that Virgin give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Virgin may subsequently subscribe.
  • Breaches of Virgin conveyancing panel requirements

Virgin panel reinstatement : You have questions, we have answers

  • Please can you set out the application protocol to revert back onto the Virgin conveyancing panel?
  • Can this firm act for Virgin while the appeal for reinstatement on the Virgin panel is being reviewed? How do I know if our reinstatement appeal to the Virgin panel is accepted?
  • Can we appeal if my firm’s application for reinstatement was turned down?
  • Is there a limit to the amount of occasions my practice can submit applications to get back on the Virgin conveyancing panel?
  • Is there a cost to be reinstated onto the Virgin conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking Virgin panel reinstatement is to ensure that your firm is not removed off of the Virgin conveyancing panel in the first place.

Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Virgin conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Virgin directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Virgin conveyancing panel.

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