This is when financial institutions lend money to a person in return for a legal interest in an asset.
As solicitors Banks and lending institutions rely on our undertaking to give a certificate of title on a property if funds are released to a client. We ensure that you are fully aware of the rights that you are giving to the bank or financial institution over your property. In particular we ensure that you understand fully any documents that you have to sign and are available to answer any questions you may have regarding your obligations to the Bank or lending institution. We are also in a position to negotiate with the banks on your behalf if you have fallen into arrears. Like nearly all solicitors we are not in a position to give an undertaking to a bank in relation to commercial properties.