Specialist lender Together has introduced that it’ll prolong its dual representation proposition north of the border.
This change applies to unregulated loans as much as £500,000 secured towards residential property and brings Scotland in step with Together’s present proposition in England and Wales.
Dual representation permits a single solicitor to behave for each Together and the buyer, streamlining the authorized course of and delivering a quicker, more cost effective expertise. The extension applies solely to industrial finance transactions.
By adopting dual representation in Scotland, Together goals to speed up completion occasions, enabling prospects to entry their funds extra shortly.
Together will work with a panel of authorised Scottish solicitors who’re acquainted with its procedures.
Commenting on the transfer, Together managing director of intermediaries Tanya Elmaz stated: “Extending our dual representation proposition to Scotland is a major step in enhancing our service to these shopping for property north of the border.
“This extension additionally opens up new alternatives for brokers, who can now submit Scottish instances requiring dual representation with confidence, figuring out that Together has the infrastructure in place to help them.”
