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Suffolk Life sets up commercial property solicitor panel
The move includes reducing fees and is designed to enhance buying and selling commercial property within its Sipps.
Three firms - Birketts LLP, Bond Dickinson and Thrings – will form the panel.
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Dominic Savage, Suffolk Life's property director, said: "The combination of Sipps and commercial property is a complex one.
"Advisers and investors are increasingly finding it difficult to access the appropriate expertise and experience they need from their legal representative, and the question 'can you recommend a solicitor to me' is fielded by my team ever more frequently."
The move includes a fee reduction for both property acquisition and disposal. These will be fixed for transactions where a panel solicitor is used – though investors can still use their own choice of solicitor.
Suffolk Life, which manages over 3,000 commercial properties on behalf of investors, said all panel solicitors have committed to a menu of fees for the services they offer.