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

  • Breaches of Virgin conveyancing panel Terms and Conditions
  • Your firm fails to meet the criteria to remain on the Virgin conveyancing panel
  • Significant 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.
  • Failure to act in accordance with the Virgin panel requirements, 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.
  • Virgin may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.

FAQs : Virgin Conveyancing panel reinstatement

  • Is there a limit to the number of times my law firm can submit applications to get back on the Virgin conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the Virgin conveyancing panel?
  • Can we act for Virgin while the appeal for reinstatement on the Virgin panel is being processed? How do I know if our reinstatement appeal to the Virgin panel is accepted?
  • What happens if our Virgin panel reinstatement application is turned down and the client of the firm has a mortgage application with the Virgin?
  • Is the door firmly shut if our reinstatement panel submission with Virgin is refused?

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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