Virgin panel reinstatement guidance - Here to help

Has your firm been removed from the Virgin conveyancing panel for any of the following reasons?

  1. Missing deadline to reapply to be on the Virgin convincing panel
  2. Failure to act in accordance 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 subscribe.
  3. 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.
  4. 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.
  5. Your practice no longer meets the criteria to remain on the Virgin conveyancing panel

Virgin Conveyancing Panel Reinstatement: Common Questions

  1. Am I restricted as to the number of times my law firm can apply to get back on the Virgin conveyancing panel?
  2. How often will this firm be required to re-apply to remain on the Virgin conveyancing panel?
  3. Can we act for Virgin while the application for reinstatement on the Virgin panel is being assessed? How do I know if our reinstatement application to the Virgin panel is approved?
  4. Is it the practice manager who is required to sign the reinstatement application to the Virgin panel ?
  5. What are the next steps open to me if our Virgin panel reinstatement application is declined and the client of the firm has a mortgage application with the Virgin?

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.