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

  • Virgin may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Breaches of Virgin conveyancing panel Terms and Conditions
  • Non-compliance with the Virgin panel terms, the written instructions that Virgin provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Virgin may subsequently adopt.
  • 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 law firm fails to meet the criteria to remain on the Virgin conveyancing panel

Virgin Conveyancing Panel Reinstatement: Common Questions

  • What times frames are involved when applying to be reinstated onto the Virgin conveyancing panel?
  • Do any avenues remain open if my firm’s reinstatement panel application with Virgin is rejected?
  • What are the consequences if our Virgin panel reinstatement application is declined and the client of the firm has a mortgage application with the Virgin?
  • Is there a limit to the number of occasions my practice can apply to get back on the Virgin conveyancing panel?
  • Please can you set out the application process 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 preferred 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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