Sipp provider expands property legal panel

Suffolk Life has expanded its solicitor panel to enhance buying and selling commercial property within Sipps in both Scotland and Northern Ireland. The Sipp provider and administrator firm has named DWF, Curle Stewart and Bond Dickinson for Scotland, and Tughans and Wilson Nesbitt Solicitors for Northern Ireland.Dominic Savage, Suffolk Life's property director said: "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."{desktop}{/desktop}{mobile}{/mobile}The expansion means that investors with Suffolk Life Sipps can access fixed price property acquisition in Scotland and Northern Ireland, moving 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 with the aim of benefiting both the end investor and their adviser.Greg Kingston, head of marketing and proposition, said: "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 owns in excess of 3,200 commercial properties on behalf of over 5,000 investors.

Sipp provider expands property legal panel

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