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Our role is to conduct appropriate due diligence, review the lending conditions and requirements, the property, easement and planning titles to the proposed security and to identify any issues that may arise which would adversely affect the security; further to advise the lender upon the most suitable way of rectifying any such matters.
The lender’s requirements are not always confined to legal charges and they may also require, for example, personal guarantees to be provided by Company Directors and/or Debentures to be provided by the Company.
Once we are in a position to proceed, we will provide a suitable Certificate of Title to enable the completion of the secured funding. We will then arrange drawdown of funds and complete the legal charge, before dealing with any necessary registration at Companies House and the Land Registry.
Securisation is a process as part of structured financing. In essence, it involves pooling assets together to create on asset that can be sold to a third party, or to create a security against which you can borrow.
Securisation is a process whereby assets are pooled, helping to reduce the administration and funding costs of individual assets on the assumption that whilst the company may not have a high rating, the assets are high quality, and this can help to reduce borrowing rates.
You should be fully aware of what securisation involves. It can make it difficult to raise finance again in the future, it can devalue a company and it can be costly to retrieve assets once they are within a securisation agreement.
Securitisation is the pooling of illiquid assets in to something which can be traded or sold. It can be made of any number of loans, mortgages, insurance policies, lease contracts and all other financial arrangements. The pool of assets is known as the portfolio and investors will be keen to understand what the package is made up of before agreeing to trade that asset, making the structure of the securitisation important.
Securisation is the process of pooling together illiquid assets such as car loans, mortgage agreements, loan agreements, credit card receivables and packaging them in to a tradeable asset. It is often a useful mechanism for helping to free up finance that companies can borrow against.
The most common types of asset in a securitisation arrangement include mortgages, loans, credit agreements and insurance policies.
For example, a car company wishes to sell all of the loans it currently has with its customers. It wouldn’t be attractive to sell each loan individually but if all of the loans were pooled together it would create a tradeable asset which could be sold.
If you have any questions about funding and securitisation, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
