Property Receivership
Anatomy of a property receivership appointment.
What a lender can expect from us, stage by stage, on a typical fixed charge appointment over a tenanted or part-completed property. Timings are indicative and vary with the security and the site.
Illustrative framework, not a case study. Real appointments and outcomes are confidential and are only published where a client has given written approval.
Before appointment
Security review
We review the charge, title, priority and the power to appoint, and confirm in writing whether a valid appointment can be made and on what basis.
You receive
Written confirmation of the power to appoint, and any gaps to resolve first
Week 1
Take control and secure
Appointment is completed, occupiers and managing agents are notified, insurance is verified or replaced, and the site is secured and inspected.
You receive
Initial position report — occupancy, condition, insurance, immediate risks
Weeks 2–4
Establish the options
Valuation and, where relevant, cost-to-complete advice is commissioned. Rent collection is regularised. We set out the realistic routes to value with timescales and costs attached to each.
You receive
Strategy report with recommended route and the reasoning against it
Ongoing
Manage, complete or market
The agreed strategy is executed — managing and letting, completing works under a funded programme, or a marketed sale — with agreed reporting intervals and early notice of anything that changes the expected outcome.
You receive
Periodic reports, plus immediate notice of material change
Completion
Realise and account
Sale completed, funds accounted for, statutory and tax matters closed off, and a final report issued.
You receive
Final receipts and payments account and closing report
What we ask of you at the outset
Send the facility documents, the charge, the last valuation and any correspondence with the borrower. If proceedings have started or a deadline is running, tell us that first — it usually changes the sequence.
How we deal with borrowers
Correctly and courteously. A borrower who understands what is happening is more likely to co-operate, and co-operation almost always produces a better recovery for the lender.
Related
The full scope of our lender work.
Where the numbers need independent examination.
Next step
Talk to us before an appointment is made.
A pre-appointment review often changes what the right route actually is. The initial conversation is free and confidential.