F&F LLP UKRE team deal sheet – real estate portfolio refinance

Our UKRE conveyancing team was recently entrusted with handling a complex transaction involving a Guernsey-based trust and a prime London property, comprising 5 residential leasehold apartments.

Client Details

Client: Guernsey-based Trust

Property Value: £3,200,000

Property Location: London

Loan Amount: £1.8M

Portfolio: 5 x Properties Residential Leaseholds

Loan-to-Value (LTV) Ratio: 70%

Time to Complete: 4 weeks

For details please click here.

Here’s how we navigated this unique scenario:

Title Examination

We conducted a thorough title search to verify ownership and assess any encumbrances. Ensuring a clear title was critical for the Trust’s interests in obtaining refinance.  This included a significant number of specialist searches and enquiries.  The work also comprised of checking and reviewing all sub-occupancies and any prescribed requirements in this regard.

Legal Documentation

We reviewed and reported on legal documents, including the mortgage documents and security suite.

Trust Communication:

Effective communication with the Trust was essential.  We addressed any concerns promptly, ensuring transparency throughout the process.

Timely Completion:

Our team worked diligently to meet the 4-week timeline.

Coordination with Lenders and Other Parties:

Effective communication with the lender, broker, borrower, outgoing lender and other involved parties such jurisdictional legal opinion counsel was absolutely essential.

Our timely submission of required documents ensured a smooth process.

Closing Process:

On the closing day, we facilitated the signing of documents and funds movement by effective communications with the outgoing Bank, the new Lender and our Accounts team.

As borrowers’ conveyancers, our goal is to protect your interests as a Borrower, guide you through the legal maze, and ensure a successful refinance.

If you need any further information or legal advice, including conveyancing of a property in England, please contact our designated UKRE team Anna Douglass, Alastair Hargreaves, Caren Vidamour and Naledi Odiseng who will be delighted to assist.