The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
Coronavirus (COVID-19): For information on the implications of the coronavirus outbreak on real estate finance, see Practice Note: Coronavirus (COVID-19)—implications for real estate finance transactions.
Real estate finance investment facilities involve a loan to a borrower for it to purchase a property or a group of properties (or to refinance such a purchase). The financing is secured against the property being purchased (or refinanced) and the cashflow generated by the property (ie rental income). The due diligence carried out in relation to the property is one of the most important aspects of the transaction prior to the funding being provided. It is also important that the value and condition of the property is maintained throughout the term of the financing. The bank account arrangements are very important in real estate finance investment transactions and can be quite complex. In a straightforward transaction, the rental income is typically paid by the tenants into a secured bank account and used to pay the interest and capital on the loan. Any excess cash can usually be swept into the borrower's current account and withdrawn by the borrower.
This Practice Note explains the key features of a typical real estate finance investment transaction. Development facilities involve additional issues which need to be considered—see Practice Note: Real estate finance—development facilities—key features.
The typical structure of
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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
When defendants are guilty, they have a choice to plead guilty or to put the prosecution to proof. When they plead guilty they may benefit from a reduction in their sentence as a result, see Practice Note: Credit for guilty plea. However, the Sentencing Council's overarching guidelines on reduction
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This Practice Note looks at CE-File electronic working in the courts under CPR PD 51O, in the context of case management. It provides guidance on how to file a document electronically, deal with rejected electronic filings, issue a claim electronically, file electronic bundles (eBundles) for case
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