Lenders' security advice

Lenders' security advice

When providing borrowing to a customer, it is essential that lenders take adequate security measures to protect their position should the customer fail.

When faced with a failing customer, we recognise that prudent lenders will require their security to be reviewed to identify their options and whether there are issues with the security that can be rectified in order to bolster the lender's position.

We regularly provide lenders with security reviews, advising on the validity of security, security enhancement options and general pre-insolvency advice and planning.

You will often require reviews to be provided within a tight timeframe, something the team is geared up to provide.

Our security reviews are well structured, written in plain English and allow you to identify immediately whether additional action is needed.

The review will identify the best way for you to recover your lending, telling you what options are available for the enforcement of your security.

We will notify you of any security shortcomings and provide commercial advice on how to rectify them.

We act on large and complex security situations, having advised in connection with complex groups of companies, offshore companies and extensive property portfolios.

Our client-focused team will give you the right legal advice when you need it, and always to an agreed budget.

Work highlights

  • The team recently advised a national lender on a pre-enforcement security review. The sum was approximately £60m, secured by a variety of legal charges over residential and commercial property over the assets of UK companies and offshore entities. We completed the review in a very tight timescale, providing a bespoke document identifying all security enforcement options, which was used by both the lender in assessing its options and also by the Law of Property Act receivers and administrators once they were appointed.