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Ailsa Watson

Associate

Deal agreed to unblock Scottish house sale transactions

The Law society of Scotland has agreed temporary measures with mortgage lenders that should unbock house sale transactions which are close to completion. Many transactions were put on hold after the Registers of Scotland closed their official register for new documents because of staff health risks due to the Coronavirus. It is great news that a technical legal fix has now been agreed, which means that most major lenders are able to release mortgage funds.