VM is unlikely to let you off the hook of your contract without trying to fix the fault first. They would rather start paying the compensation.
If you now have a TLS, you need to make sure you have notified VM of the TLS (by phoning in) if you have not done so already. That starts the compensation clock running.
The compensation should be credited to you within 30 days of your service being restored. At £9.33 per calendar day it is meant to provide an incentive for VM to fix the fault and also contribute towards your costs for a backup service while you wait (although it is paid retrospectively).
What sort of backup option you choose depends on your specific/local circumstances and what kind of mobile speeds you can get. Some people, in past topics on here, have got by with a mobile hotspot or data SIM on a rolling 30 day contract or buying extra data to tether a smartphone. Some of those waiting a really long time have even installed a connection via Openreach on a 30 day rolling contract while waiting.
If VM cannot fix the fault, and is going to stop the compensation, then you may have a route out with no EDF. Refer to the OFCOM doc on compensation para 36 onwards
https://www.ofcom.org.uk/__data/assets/pdf_file/0026/216962/Industry-Code-of-Practice-for-Automatic-...
and VM's T&Cs Section N 6.4 for a permanent loss of service
https://prod.ctassets.virginmedia.com/uploads/Terms_and_Conditions_TV_Fibre_and_Phone_FROM_01_MAY_20...
link above is for the current T&Cs so check against those for when you took out your contract.
VM regularly messes up the compensation payments in the topics on here. They also regularly try to pay lesser amounts of money based on subscription fees as reported in forum topics. So keep detailed records as you go along of all VM's failures to fix the fault in a timely manner. It will help if/when you need to go to arbitration
https://www.ombudsman-services.org/
In the meantime, respond to the PM from the VM forum team and see if they can do anything to help bring the cable re-pull forward any. If your faulty cable has now turned into a TLS, then having to wait until 21 July is not reasonable IMHO. Unfortunately VM has outsourced much of its cable installation work and topics on here show that VM has little/no control in how/when those cable installation jobs are carried out.
