Equipment finance covers the funding and security for buying or leasing machinery and other portable assets used in a business. A solicitor drafts and negotiates the finance documents, secures the lender’s interest, and helps with perfection and enforcement if needed. Typical work includes drafting finance agreements, HP or finance leases, registering security at Companies House, and ensuring priorities between the lender and other creditors are clear. It also involves advising on registration, title checks, and any relevant warranties or service arrangements affecting the asset.
What a solicitor handles in these matters
The documents set out the asset to be funded, the repayment schedule, and the consequences of default. A solicitor explains how the security is created over equipment, what rights the lender has to repossess or take control of the asset, and how proceedings would unfold if payment stops. They ensure compliance with company and insolvency rules and coordinate notices and registrations to protect the lender’s position.
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