Our Property team are focused on getting the best outcome for you, and they can advise you about or prepare for you forms of security for borrowings. Below you will find some useful information; however we would recommend getting one of our experts on board from an early stage for a free initial no obligation discussion to ensure you get the outcome you deserve, at the cost that’s right for you. Please visit our Payment Options page for more details on costs.
Lenders will normally want security for any lending they make whether to individuals or businesses. This can range from guarantees to charges, mortgages and in the case of companies, debentures. The security will often be taken over land, whether freehold or leasehold, but in a commercial context can be over fixtures, fittings, equipment, machinery and intellectual property rights like patents and designs. Usually the security will be heavily weighted in favour of the lender and in some cases may prejudice the flexibility of the borrower to run his business.
Commercial projects will often require financing from more than one lender and this will involve multiple charge forms and other security documents such as deeds of priority or postponement.
See also our Shops & Offices, Agricultural and Pubs, Clubs, Hotels & Restaurants fact sheets (PDF).