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As a lender you wish borrowers to repay their facilities in accordance with the terms agreed at loan inception, or at least on revised terms if circumstances should require further negotiation or additional facilities. However, if normal credit control measures do not produce repayment, you may need to enforce your security over the property via a Fixed Charge Receivership (also sometimes called a Law of Property Act Receivership).
The experienced team at Armstrong Watson are used to:
In order to deliver value back to lenders, the team also seeks to identify any non-property assets which may be capable of being realised for the benefit of the secured creditor, and can advise on which alternative process can be used to enforce recovery of those assets should negotiation fail.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW