Suffolk Life, one of the UK’s leading providers and administrators of SIPPs, has expanded their solicitor panel to enhance buying and selling commercial property within their SIPPs in both Scotland and Northern Ireland.
Suffolk Life has named DWF, Curle Stewart and Bond Dickinson for Scotland, and Tughans and Wilson Nesbitt Solicitors complete the panel for Northern Ireland. All firms are available for immediate use.
Dominic Savage, Suffolk Life’s Property Director commented: “The feedback from advisers and investors in response to our initial panel for England and Wales exceeded our expectations. It made sense to expand the panel with appropriate legal expertise and experience into Scotland and Northern Ireland.”
The expansion means that investors with Suffolk Life SIPPs can now access fixed price property acquisition in Scotland and Northern Ireland, continuing a trend away from less-predictable time-costed fees.
All panel solicitors have committed to a menu of fees for the services they offer and have agreed with Suffolk Life to provide the services in a bespoke manner benefiting both the end investor and their adviser.
Greg Kingston, Head of Marketing & Proposition also points out: “We recently launched new, lower fees for investors who want to transfer properties from other SIPP providers. Advisers have reacted very well to this, as it helps their clients overcome some of the more penal exit costs at some SIPP providers, and now this offer naturally extends to properties in Scotland and Northern Ireland too.”
Suffolk Life now owns in excess of 3,200 commercial properties on behalf of over 5,000 investors.