COMMERCIAL LPA RECEIVERSHIP
Templeton LPA have devised a customised commercial Receivership solution for those lenders offering:
- Commercial loans/mortgages
- Bridging loans
- Development loans
Each lender will have varying and specific requirements to which our service can be tailored ensuring the service received is that which is required. Our proactive management of all third parties and bespoke IT management system allows for the review of live data as well as personalised MI reporting. Templeton LPA’s commercial Receivership service is founded upon a number of key factors:
- Fixed costs and fee schedules that benefit both the lender and Customer
- Proactive approach
- Professional, hands on management of 3rd parties
- A service that engenders results
Commercial Lenders
Having acted for a number of the major high street lenders for a significant period of time and having ensured that our practices and actions are fully compliant with all FCA regulations, Templeton LPA were well placed to extend their service offering to lenders also at risk due to defaulting commercial mortgages/loans. Having been approached to provide an alternative solution to the more traditional commercial Receivership services being offered, Templeton LPA devised a bespoke service which focused upon a few key principles:
- Fixed Fee Schedule – benefitting both lender and Customer
- Proactive management of all third parties
- Bespoke MI Reporting and Management System
- Maximised returns against your security
We believe the service we offer delivers significant results within shortened timeframes in comparison to traditional commercial Receivers. This results in an improved position being secured upon the loan/mortgage account.
Bridging Loan Providers
Having devised an approach for commercial lenders, it was plain to see that the service could be tailored further to provide a service that engendered results for those lenders offering short term and bridging loans. By appointing Templeton LPA, you ensure that an experienced, professional third party takes over responsibility for the account thus providing you with a layer of protection from issues experienced with any stakeholder. Templeton LPA understand the requirements of these lenders, specifically in relation to timescales and swift resolution of the situation. With default interest rates being applied to the accounts we appreciate that driving results de-risks the loan book, repays the investors and makes available capital for future lending.
Development Loan Providers
Our understanding of property development puts us in a prime position to offer a Receivership solution for defaulting development loans. We are able to assess and devise an appropriate exit strategy in each specific circumstance that will secure the optimal results.
It is our obligation to ensure that the best outcome is secured for all stakeholders including the Customer, lender and tenant. Templeton LPA take this role very seriously and will do everything possible to ensure that all obligations and duties are met with the results secured offering the best outcome obtainable.
It is our obligation to ensure that the best outcome is secured for all stakeholders including the Customer, lender and tenant. Templeton LPA take this role very seriously and will do everything possible to ensure that all obligations and duties are met with the results secured offering the best outcome obtainable.
Templeton LPA acts for a variety of parties, all of whom have differing requirements and legislation with which they need to adhere. These include:
- Major high street lenders
- Mortgage service providers
- Short term lenders – including bridging and development loan providers
To ensure compliance with all parties, Templeton LPA have devised a strict compliance programme to ensure they meet all clients requirements. This allows clients the peace of mind that Templeton LPA can act appropriately regardless of the legislative requirements. We are compliant with FCA and RICS.