Secured Lending Enforcement
Salehs are experts in Property Finance. We regularly act for several secured lending companies on a variety of transactions secured on residential, commercial and development properties.
When acting for lenders, we prepare the necessary documentation to ensure that their interests are properly protected with detailed provisions on when the debt becomes payable and when security can be enforced by the secured party.
Naturally, we support our clients to collect debt where repayment is not made. Where defaults have occurred under the facility agreement, we advise on the additional steps to be taken by the lender before the debt can be accelerated or security enforced and if required, progress claims (through the Courts or other dispute resolutions methods). The type of security interest a lender holds will determine how it can enforce its security and whether it can do so without a court order.
Our team members are on hand to give you commercially minded advice as to how to gain and keep the initiative in enforcing the debt.
We work with LPA Receivers to secure possession of property and with Counsel to present bankruptcy petitions in Court. We will work closely with clients at all stages of the process in a proactive and cost effective way.
You will find information about our fees for debt recovery in the Legal Disclaimer section at the bottom of this page.
For more information and professional advice on Secured Lending Enforcement, please contact;
Partner - Head of Commercial Litigation and Dispute Resolution
Telephone: 0161 434 9991
The service from Mike Carter and Salehs was excellent. You were always very helpful and accessible and very generous with your time in giving very full explanations of what turned out to be (through no fault of yours) very complicated situations. I would heartily recommend both yourself and Salehs to anyone who was looking for a solicitor.