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Ready to buy a new home? Failing to check that a lawyer is on the Virgin list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Virgin Money plc Conveyancing Panel? How can my firm be reinstated onto the Virgin Money plc Conveyancing Panel?Find an Approved Solicitor on the Virgin Money plc Conveyancing Panel
Q and A’s regarding the Virgin Solicitor Panel
My Conveyancer is not on the Virgin Solicitor Panel. Is it possible for me to retain my preferred solicitor even though they are excluded from the Virgin approved list?
You have a number of options available to you here:
- Complete the purchase with your preferred lawyers but Virgin will need to instruct a lawyer on the Virgin conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Virgin conveyancing panel.
- Urge your lawyer to apply to join the Virgin lender panel
I am purchasing a newly built apartment and my solicitor is telling me that she has to reveal incentives from the seller as her firm is on the Virgin conveyancing panel. I am under pressure to sign contracts and I dont want to prolong deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Virgin approved panel is to comply with the CML Handbook requirements (last updated for this lender on Virgin). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am Googling for conveyancing quotes online. Can I be confident that all the firms that are listed on your site are on the Virgin conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Virgin panel and agreed to advise us to take down their listing in the event of removal off of the Virgin panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Virgin conveyancing panel is not accurate.
My uncle passed away last year and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Virgin will insist on your using a conveyancer on the Virgin conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin mortgage is registered as a charge at the Land Registry.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin be concerned
Given that your lender is Virgin your lawyer must to check the Virgin conveyancing instructions contained in the Part of CML Handbook for Virgin . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Virgin where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Virgin. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Virgin you will need to appoint a solicitor on the Virgin conveyancing panel.
Completion of my remortgage has taken place with a mortgage from Virgin. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Virgin. How does one go about formally complaining?
All lenders have complaints procedures. Your first port of call should be one of the Virgin branches or the Customer Care Team at Virgin head office. We understand that complaints to Virgin are sorted out very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
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Transfer of Equity for VirginPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors