Specialist lender Together has introduced that it’ll lengthen its dual representation proposition north of the border.
This change applies to unregulated loans up to £500,000 secured towards residential property and brings Scotland in keeping with Together’s present proposition in England and Wales.
Dual representation permits a single solicitor to act for each Together and the client, streamlining the authorized course of and delivering a sooner, cheaper expertise. The extension applies completely to industrial finance transactions.
By adopting dual representation in Scotland, Together goals to speed up completion instances, enabling clients to entry their funds extra shortly.
Together will work with a panel of accepted Scottish solicitors who’re acquainted with its procedures.
Commenting on the transfer, Together managing director of intermediaries Tanya Elmaz mentioned: “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 circumstances requiring dual representation with confidence, understanding that Together has the infrastructure in place to assist them.”
