Following further discussions this morning between Registers of Scotland (RoS), UK Finance and the Law Society of Scotland (LSS), a process is now in place that enables transactions to settle where an advance notice is in place.
Solicitors should view the LSS guidance and the list of lenders who have agreed to the proposals.
Most major lenders have already agreed and solicitors are advised to check the list which will be updated as new lenders come on board.
If these new measures do not apply to your transaction and if you are in exceptional circumstances that mean you must settle today – then and only then, should you contact RoS customer service advisors for additional support.
We would urge solicitors and home movers to consider postponing any non-urgent transactions during the ongoing health emergency.
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