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

  • Persistent delays in registering security 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.
  • Persistent delays in post completion requirements set by Virgin
  • Breaches of Virgin conveyancing panel requirements
  • Failure to reapply to be on the Virgin convincing panel
  • Failure to act in accordance with the Virgin panel requirements, 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 adopt.

Virgin panel reinstatement : questions that we get asked

  • Do any avenues remain open if our reinstatement panel submission with Virgin is declined?
  • What is the application procedures to be reinstated onto the Virgin conveyancing panel?
  • Who should complete the reinstatement application to the Virgin panel ?
  • Are you able to explain why this practice’s application for reinstatement was rejected?
  • Is there a cost to revert back 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.

Related Pages