At Lawrence Stephens, we have a deep understanding of real estate lending, financing and the mortgage world. We advise lenders, borrowers, developers and intermediaries on all aspects of real estate finance and corporate lending for residential, commercial and retail property. Our large Real Estate Finance and Banking teams are retained on the panels of more than 60 lenders.
Through this experience of working with banks and lending institutions, the team has developed great expertise of dealing with and resolving the problems that can arise when things go wrong in the lending world.
This expertise is complemented by our Recoveries team. This is not a side offering of real estate disputes or debt recovery teams, but a dedicated secured recoveries capability. Our understanding and expertise within this market means that we are well placed to resolve any problems should a borrower default.
We help secured creditors (typically a bank or lender) to recover debt from a borrower who has failed to meet the terms and conditions of the loan agreement.
Our services include:
- Identifying default events and advising on exercising rights under security documents
- Enforcing a share charge
- Taking possession of the property held as security
- Applying for and obtaining orders for sale
- Appointing a fixed charge receiver
- Appointing an administrator pursuant to the terms of a debenture
- Pursuing any guarantor(s)
- Handling the sale of secured assets
- Bankruptcy or winding-up petitions (if the borrower is insolvent).
- Issuing a debt claim to recover any shortfall
