By holding a free Security Training Seminar/Workshop for your Finance and Development Officers which looks at the charging process and highlights the most efficient and cost-effective ways of preparing your properties for charging.
By ensuring that your Development Officers retain and collate the documentation required for charging properties as detailed in our bespoke precedents (such as the DEV1 Form) so that we are not reliant on third parties supplying this information.
By getting your uncharged properties ready for charging in advance of requiring the funds, so that any issues which may make the properties unacceptable as security, or the charging process more problematic, are identified in advance and dealt with.
By determining if any of your existing facilities are heavily over-secured and arranging for any excess security to be re-utilised to secure new funding, making sure you choose the right properties so that they are acceptable as security and will achieve maximum value, taking into account funders’ current requirements.
By ensuring that mortgagee protection clauses in your Section 106 Agreements, Transfers, Leases, Nominations Agreements etc. are adequate to enable the higher MV-STT basis to be achieved, so that you maximise your funding capacity. We offer a service of reviewing mortgagee protection clauses before you acquire or develop properties to assist with this.
By assessing whether your ex-LSVT units are capable of being uplifted in value from EUV-SH to MV-STT following deregulation.
For further details of the above, please contact Sharon Kirkham and please do take a look at our DEV1 Form.
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Devonshires Solicitors LLP 30 Finsbury Circus London EC2M 7DT
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