Our knowledge, experience and expertise in this complicated area of Law allows us to achieve our client’s targets. We are commercially minded, and our dedicated and focused team of lawyers can expertly address the difficulties that arise in this fast-paced area of law.
Fahri LLP represent several busy lending institutions and smaller private lenders which offer a wide range of bridging loans and alternative bridging finance solutions, including loans for property purchases, auctions, capital raising, or business cash flow at short notice.
The work we undertake can encompass the entirety of the lending process, commencing with drafting of facility letters and all other necessary security documents (such as charges, personal and corporate guarantees, debentures etc) in order ensure that the loan is completed properly, and the security is suitably protected. We can assist the lender in tackling the tricky regulation requirements that accompany this area of financial services.
We can also undertake possession proceedings for Lenders in the event that a Borrower has defaulted on an agreement and all other amicable options have been exhausted. We can commence proceedings, handle all notices to comply with the statutory requirements surrounding residential property, prepare witness statements and liaise with the bailiffs. Post-possession, we can also deal with preparing the legal pack of the property for auction and communicate with prospective purchasers and their legal representatives. Once the property has been sold, we can also advise on and action further steps in the event of a shortfall between the sums due and the proceeds.
We are also recommended by several finance brokers to act for Borrowers in relation to all aspects of commercial and residential finance. We can assist a Borrower in navigating the complicated world of finance and ensure that they are fully aware of the nature of the documents they are signing and the liabilities that arise from the agreement.
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In England, there are several statutory provisions that can assist leaseholders in changing management companies: Commonhold and Leasehold Reform Act 2002: This act sets out the rights of leaseholders to manage their building and provides a framework for changing management companies. It requires the freeholder to give consent to the change of management company and […]
It is important to note that the death of the tenant does not automatically prompt the end of the agreement. For example, if a couple rent a property with both of their names on the tenancy agreement and one of them passes away, the other would automatically take over all obligations of the tenancy. This […]
Times have been hard for everyone during the Pandemic, but Landlords were hit particularly hard when it came to trying to regain possession of their Properties. Recently though, there have been some positive changes. On 31st May 2021, the ban of bailiff evictions was finally lifted and general bailiff evictions were able to proceed. On […]
