We act for banks, building societies, bridging lenders, other secured lenders and third party servicers in bringing and defending claims.
Often lenders incur considerable losses following the repossession and sale of mortgaged properties. These losses are not always down to the decline in the property market, and some of them may be recoverable from the professionals involved in the transaction. Examples include inflated valuations, property title problems leading to lower resale values, undisclosed discounts on purchases, undisclosed sales of properties within six months of lending or fraudulent activity that should have been reported by the conveyancing solicitor.
Lenders do not need to wait until they have actually suffered a loss on a loan. If the loan is not performing as expected, or if the property has been valued recently and there has been an unexplained drop in the value, then it is worthwhile investigating to see if there is claim against a professional.
We recognise that these types of claims can be a drain on internal resources and detract from lenders’ day to day business, so we work as an extension of our clients’ business to achieve a result that makes sense for the business’s needs.
Our areas of focus include:
- professional negligence
- claims against guarantors and surety
- shortfall claims
- contentious insolvency and restructuring.