The distressed property realisations team have extensive experience acting through the life cycle of a distressed property asset. This includes the initial review of the lender’s security over a property asset. It also covers the redemption of the lender by way of borrower refinancing with an alternative lender. We recommend appropriate enforcement options and handle the appointment of a receiver or insolvency office holder. Additionally, we assist with property asset and title issues, manage the sale of the secured property asset, and oversee the redemption of the lender. Finally, we deal with the sale proceeds, including any surplus proceeds.

Our distressed property realisations services include:

• Security reviews;
• Perfecting security;
• Pre-appointment and post-appointment advice;
• Appointments and resignations of receivers and insolvency office holders;
• Redemptions and refinances;
• Leasehold and freehold residential and commercial property sales, whether in possession or not, or on behalf of an appointed third party such as a receiver or insolvency officer;
• Dealing with surplus sale proceeds and
• Sales of debt portfolios to third-party debt purchasers.

The team frequently draws on the expertise of others within the firm to provide tailored advice in connection with properties relating to construction, healthcare, employment, education, charities and marine. The team also offers a seamless service alongside the property litigation team and litigation and recoveries team to deal with disputes that can arise while dealing with a distressed property asset, including possession and forfeiture proceedings.