Bank Security
There is a saying that the banks only lend money to people who don’t need it, but of course in reality we know this is not true. Our banking clients lend money to those business customers they know to have reasonable proposals and every chance of success. Of course, substantial lending must be supported by security over the assets of the business, property or development contracts, and that’s where we come in.
We work for several high street banks and have done for many years now, seeking substantial security for the facilities provided, including advising on the result of property and business due diligence.
This security will include:
- legal charges
- debentures
- facility agreements
- inter company (cross) guarantees
- deeds of priority, inter-creditor agreement and deeds of subordination
- personal guarantees
- charges over life assurance policies
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