Solicitors Regulation Authority Code of Conduct 2011 In residential conveyancing the buyer's conveyancer often will also be instructed by the lender to act for the lender...
What additional searches should be undertaken? More specific searches and enquiries may be required depending on the property location, its surrounding area and the...
Introduction to the Agricultural Credits Act 1928 The Agricultural Credits Act 1928 (ACA 1928) created a bespoke form of security that allows a farmer to grant a single...
Reasons for amending security documents and key risks Reasons for amending a security document There are situations where parties may consider amending security...
Sale by a mortgagee destroys the equity of redemption in the mortgaged property. The sale defeats the rights of all subsequent incumbrancers, whose remedy then is only...
Date[insert date of appointment] Parties 1 [insert name of Lender] of [insert address][incorporated in England and Wales with company registration number [insert company...
Banks and other funders frequently take an assignment of the benefit of the suite of construction documents in respect of a development as an additional part of a...
This Practice Note focuses on the assignment of collateral warranties (see Practice Note: What are collateral warranties?). For more detailed guidance on assignment in...
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses in action such as...
Why are lenders concerned about environmental risk? The ever growing number of environmental laws has affected the way that lenders perceive environmental risk and has...
Lenders' risk exposure Lenders are increasingly concerned with environmental risk in their day to day secured lending businesses. All major UK banks now have to make, to...
The range of funding options open to companies has exploded, resulting in a vast array of different capital and security structures. Before the 2007/8 credit crunch, it...
One of the features used to categorise loans is the number of lenders involved. A loan involving one lender is known as a 'bilateral loan'. A loan involving more than one...
COMPANY NUMBER: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...
Company number: [insert company number] [insert company name] [Limited OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...
COMPANY NUMBER: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...
The principle of subrogation Subrogation is the right of an insurer, once it has made payment to its insured for loss covered by an insurance policy, to ‘step into the...
Land Charges searches are not required for dealings with registered land, but if you are acting for a lender in connection with a charge over an interest in property,...
A charity may be involved in a construction project: • to fulfil its charitable objectives (eg the construction of social housing) • to provide office or other...
Description of parties Unincorporated charity (trust) [Trustee 1], [Trustee 2], [Trustee 3], [etc] all care of [insert charity's address] (in their capacity as trustees...
Repayment covenant A claim under the repayment covenant in the principal mortgage can be made against any covenantor, whether principal or surety. Whether or not a...
This Practice Note sets out the process for dealing with the release of security over commercial (as opposed to residential) property and the issues that must be...
TO BE PRINTED ON THE HEADED PAPER OF THE BORROWER’S SOLICITORS To: [insert details of the lender’s solicitors] (the Lender’s Solicitors), and [insert details of the...
TO BE PRINTED ON THE HEADED PAPER OF THE SELLER’S LENDER’S SOLICITORS To: [insert details of the buyer’s solicitors] (the Buyer’s Solicitors) [insert details of the...
TO BE PRINTED ON THE HEADED PAPER OF THE SELLER’S LENDER’S SOLICITORS To: [insert details of the buyer’s solicitors] (the Buyer’s Solicitors) [insert details of the...
On every construction project which requires external funding, the lender will appoint its own team of lawyers to draft and/or negotiate the various documents. Part of...
.tmb-featuredth.jpg?sfvrsn=7a6f6477_1)