CONTACT
info@cg-recovery.co.uk
27 Byrom Street, Manchester, M3 4FP
Greg's Building, 2nd Floor, 1 Booth Street, Manchester, M2 4DU
An analysis of the property market and predictions for the rest of the year
Despite socio-economic challenges and fluctuating interest rates impacting the UK property market, the property sector starts to show signs of recovery, although experts continue to warn about ongoing economic uncertainties.
Property Receivership
Property Receivership
Positive action and default loan recovery for property lenders.
We provide lenders with assurance that experienced professionals are managing the property in the event of a loan default. Whilst the sale of the asset is always central, we will thoroughly assess each case and consider strategies to maximise value and the outcome to the lender as well as the borrower.
No matter how complex (or bizarre) the circumstances, we can help. Our expert team can support you to a successful outcome, quickly and efficiently. This includes managing non-vacant property, working with solicitors where necessary, as well as cases where a property’s value is linked to a trading business or if there is a partially developed property or site.
Receivership Considerations
Partially developed sites
When appointed on partially developed properties and sites where a default has occurred on a property development loan, we will, alongside our ‘in house’ quantity surveyor, consider the costs to complete the project and whether this is appropriate to maximise value and sale proceeds. If necessary, using our contractor relationships, we can ensure that the site is finished to a high standard to ensure the maximum value is achieved on final sale.
Partially developed sites
Non-vacant property
If the property isn’t vacant we will take steps to collect rent and pay this to the lender to mitigate the increased interest due to it. In addition, we have solicitors within the business who will work alongside external solicitors to instigate possession proceedings where vacant possession is the correct strategy to maximise the property value.
Non-vacant property
Value linked to a trading business
Where the property’s value is linked to a trading business such as licensed premises, hotel, care homes and petrol stations, we have established relationships with various management companies who will continue operating the business on our behalf until a buyer is secured.
Value linked to a trading business
FAQs
A Property Receiver is a licensed Insolvency Practitioner appointed by a lender or court to manage a property when a borrower defaults on the loan. They protect the lender’s interests by securing the property, collecting rent and refinancing or selling it to recover the debt. For lenders, this ensures efficient enforcement of their security. For solicitors, the Receiver provides an impartial expert to handle complex issues while ensuring legal compliance.
A property receiver is an independent professional appointed by a lender to take control of a property when a borrower defaults on a loan. Their primary objective is to manage, stabilise, and ultimately sell or refinance the asset to recover outstanding debts.
Impartial & Professional Management: Independent oversight ensures unbiased decision-making.
Asset Protection: Prevents property degradation and value depreciation.
Debt Recovery: Helps lenders recoup outstanding funds efficiently.
Continuity of Operations: Maintains business activities where viable.For lenders and solicitors, the roles and responsibilities of a Property Receiver typically include:
- Securing the Property: Taking control of the property to prevent loss, damage, or unauthorised access, ensuring the lender’s security is protected.
- Managing Tenancies: Collecting rent, addressing tenant disputes, and maintaining occupancy to stabilise income for the lender’s benefit.
- Maintaining the Asset: Arranging necessary repairs or insurance to preserve the property’s value and comply with legal obligations.
- Asset Disposal: Marketing and selling the property, if required, to recover the outstanding debt while maximising returns for the lender.
- Legal Compliance: Acting within the powers granted by the security documentation or court order to ensure all actions align with statutory and contractual duties.
- Asset Disposal: Selling or restructuring the property to maximise value recovery.
Lenders choose us for our ethos of maximising outcomes. Our extensive experience, decisive action, and focus on preserving value ensure optimal recovery, even in complex cases.
Solicitors benefit from our proactive and tenacious approach, ensuring swift, expert handling of distressed properties. We collaborate closely, offering tailored solutions and clear communication to achieve the best outcomes for all parties.
Our proactive stance means we move fast—often securing properties and initiating management within days of instruction, minimising risks and costs.
We work tirelessly to balance the needs of lenders, borrowers, and creditors, using transparent strategies to stabilise assets and deliver fair, effective resolutions.
Property Receivership: what the worsening economy means for lenders
EXTREME vigilance is now required by lenders
How does the worsening economy effect lenders? We discuss in the following article...
The economy is evolving at an unprecedented rate and all the indications are that the current situation is likely to worsen.
Latest Property Receivership Advice
Speak to Daniel
Speak to Daniel and our team of qualified, property receivership professionals to arrange for a free confidential consultation and discuss your individual circumstances.
- Partners take a lead role in all cases
- Fast and proactive
- Total transparency over costs and fees
- Reporting requirements agreed in advance
BUSINESS RECOVERY |
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Property Receivership: a step-by-step guide
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Key partners
Edward Gee
Partner
A qualified office holder, Edward leads a broad range of formal appointments, including administrations, liquidations, and Receiverships.
Daniel Richardson
Partner
Licensed Insolvency Practitioner
Daniel is a Partner at CG&Co, being a Licenced Insolvency Practitioner and Property Receiver.
How we act for you
Solicitors
We partner with you to ensure efficient resolution.
Our proactive and tenacious approach ensures swift, decisive action to secure and stabilise properties, mitigating risks and preserving value.
We work tenaciously and transparently from start to finish.
We offer straightforward advice with fully costed and agreed action plans designed to swiftly resolve the situation and recover the funds you have loaned.