Personal Banking | Property Finance
We act for property purchasers and investors wishing to raise new finance for purchases or re-finance existing properties. Undertaking full property due diligence and reporting to you and those funding your properties and developments, we help you source finance, put in place finance and negotiate the terms and documentation.
It is important to involve lawyers early in the process before you approach lenders or brokers, to ensure that you have the most financeable and tax-efficient structure in place, and so you benefit from our guidance on the most appropriate and cost-effective sources of finance.
- We can arm you with the questions to ask your funders and help you answer funder requirements in a manner that gives the funder maximum re-assurance to enable them to give you the benefit of very competitive funding.
- We help our clients structure transactions to manage risk, which is especially important in protecting you and your family from recourse to other assets.
- We understand the importance of choosing the right ownership structure.
- Our panel appointments with leading lenders mean we understand lender requirements and also help you save unnecessary costs.
We advise on:
- home-loans and loans for investment in, and development of, your properties
- mortgages and other security
- insurance arrangements and house-builder guarantees
- trustee power to borrow, lend and grant security and recourse limitations on trust and other assets
- security over rental income, cash-sweep mechanisms, and security for cost-overruns
- using pensions to fund purchases
- stamp duty land tax and inheritance tax issues
- availability of tax allowances
Our experience:
- acting for UK and overseas purchasers of properties in England and Wales using finance and granting security
- helping buy-to-let landlords raise competitive finance on their portfolios
- advising on inheritance tax issues and the options available to pass assets to family members in a fundable, tax-efficient manner
- giving advice on the impact of stamp duty land tax ("SDLT") surcharges on second and subsequent property ownership and on steps to mitigate the impact that reduce finance costs
- set-up structures for rent collections and security and ensuring any managing agents hold your funds in client trust accounts and enter into appropriate arrangements with funders
- sourcing competitive funding for clients wishing to re-structure and re-finance their buy-to-let portfolios
- advising many charities who are active in the provision of homes in their communities on their financing arrangements and on steps to limit the applicability of VAT on services in relation to new-builds and refurbishments
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Articles & Publications
The Economic Crime and Corporate Transparency Act (the “Act”) has introduced a number of reforms to Companies House in March this year. One of the Act’s aims is to improve corporate transparency and enhance the role of Companies House.
In our latest review we reflect on some notable developments and trends in UK corporate and commercial law.
The UK government has been exploring a programme of wide-ranging reforms to the listing regime since 2020. This was driven in part by market feedback indicating that the UK listing regime was regarded as overly burdensome and deterring companies from listing in the UK.
In the second part of our year end recap, we reflect on some of the more notable developments of the past 12 months in the areas of Mergers & Acquisitions, Corporate Governance and Business Crime.
The corporate finance regulatory framework is experiencing seismic shifts as the UK government looks to implement change necessitated or facilitated by Brexit and to maintain and enhance the UK’s position in the global financial marketplace. As we approach the year end, we recap on the status of some of the key changes and developments in the UK’s corporate sector over the past 12 months.
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Our Capital Markets Briefing covers the FCA Task Force on climate-related financial disclosures, the UK Secondary Capital Raising Review, the UK Prospectus regime review and the FCA confirming that it will be extending to standard listed companies the obligation to make climate related disclosures.
In our latest briefing, we look at warranty disclosures following the recent Court of Appeal ruling in Butcher v Pike [2021] along with warranty claims and interpretation of financial caps following the High Court decision where a claim for breach of warranties in a share purchase agreement was considered.
On 15 November 2021, the government published new National Security and Investment Act 2021 (NSIA 2021) guidance on notifiable acquisitions and updated guidance on what to expect when an acquisition is being reviewed and assessed.
Following the UK’s departure from the EU on 31 January 2020 the UK-EU Withdrawal Act (EUWA) provided for a transition period (which ended on 31st December 2020) during which the UK’s listing regime remained unchanged.