Secured lending covers how lenders take and protect an interest in land when providing finance, typically through a legal charge and related refinancing documents. A solicitor in this area drafts and negotiates the legal charge, facility and security documentation, registers the charge at HM Land Registry, and coordinates any pre- or post-completion conditions. They also handle notices, consent, and the appointment of receivers if needed, and advise on enforcement or repayment steps if the loan is in default. The work is shaped by commercial lending terms and safeguarding the lender’s position alongside borrower protections.
What a solicitor handles in these matters
The solicitor handles complex provisions around charging, cross-collateralisation, consent thresholds, and compliance with financial covenants, as well as interactions with the lender, borrower, and any intermediaries. They manage the drafting of the legal charge, security documents, and any registration, discharge, or variation processes, and navigate potential insolvency or receivership scenarios to protect the secured interest.
