Legal Advice For Secured Lending
Secured lending allows you to take out a loan using a key asset as collateral. In most cases, the collateral is property. Secured lending for property can also be reinvested back into the asset, raising its value. However, as with any secured loan, there are risks involved. So before you make a final decision, it’s vital to talk to a property law solicitor first.
What We Offer
Our secured loan solicitors work with both lenders and borrowers, providing advice and guidance at every stage of the process.
- Contracts – We assess, create and monitor contracts to ensure they meet all current legal requirements
- Conveyancing services – We undertake all the searches, checks and inquiries
- Lenders – We work with you to ensure that your investment is protected
- Borrowers – Our advice will ensure you get the most favourable terms
- Disputes – We liaise between parties to help settle disputes
- Repayments – We represent you during repayment negotiations
We understand that you need to action your loan promptly to make it work for you. That’s why our teams work tirelessly to ensure contracts are signed and completed as quickly as possible. This minimises any delays in fund transfers, letting you get on with your business.
For commercial lenders, we’ll liaise with the borrower and make sure they meet all your specifications. We’ll respond to your queries quickly and efficiently, delivering a tailored service that gives you complete peace of mind.
Residential Secured Lending Services
It’s not just businesses that use secured loans to finance their operations. Homeowners also have the opportunity to acquire a secured loan. It is essential to think carefully before securing a loan based on your home. Failure to keep up with repayments may result in your home being repossessed.
Our legal team will be honest with you from the outset, helping you find the right secured lending at the right rate without overstretching your finances. Let us know your goals, and we will research the right loan to suit your needs. We aim to help you and your lender form a positive, long-term and mutually productive relationship.
What Are Your Options?
There are various types of secured loans. The loan you go for will depend on the size of the amount you want to borrow, how quickly you need access to the funds and the time scale of your business development. It will also be determined by the kind of investment you want to make into your operation.
One of the most common is a commercial mortgage. This works in exactly the same way as a mortgage for a house. They are generally secured for amounts over £25,000 and can be used for anything as long as it relates to your business. So, for example, if you need to refurbish a retail outlet, a commercial mortgage could be used to pay for the process. You could also apply it to expand an existing business by taking on a new property or a new business initiative, such as replacing your current delivery vans with EVs to boost your green credentials.
A bridging loan is used to support your business funding during a transitional period. You can also use one for time-sensitive acquisitions, such as property bought at an auction. They’re often used for short-term refinancing and consolidating existing financial commitments. Bridging loans are an excellent way to access finances quickly. However, repayment periods for bridging loans may be much shorter.
These are larger loans that are primarily used to fund property development projects. While some loans are paid in full at the start of an arrangement, others are paid in instalments at designated points in the project.
At OGR Stock Denton, our secured loans specialists will work with you to ensure that your funds are accessible as and when you need them. They will take the lead in each part of the process of securing a loan and drawing down funds. We’ll provide you with financial advice and support at every stage. No matter what type of commercial loan you want, we’ll negotiate on your behalf.
For loan providers, we’ll deliver tailored advice that protects your assets and allows you to help new and established businesses grow and prosper. We’ll ensure your risk exposure is minimised, no matter how big or small the loan.
Legal Advice You Can Trust
For more than 50 years, OGR Stock Denton has provided exceptional legal services to clients across London and the southeast. Our professional legal advice helps you make an informed decision – and we are regulated by the Financial Conduct Authority, so you know you can trust our advice.
Find Out More
Whether you are looking to secure a loan or are a lender, the secured lending solicitors at OGR Stock Denton are here to give you simple, straightforward advice and support.
For commercial and domestic borrowers, we provide:
For lenders, we advise on:
- Contractual obligations.
- Repayment issues and conflicts.
- Security and risk assessment.
To find out more about our secured lending services, use our online contact form to get in touch with our team today.