Mortgages & secured lending

Mortgage lending is a growth area for lenders – from new entrants to the mortgage market, to more established lenders looking for growth opportunities, we can help you navigate the regulatory, commercial and legal environment for secured lending products.

With a team covering the entire product lifecycle, including application for FCA permissions and variations, product design and review, debt sales and capital markets structures, disputes and investigations and mortgage enforcement, TLT will be with you every step of the way through the journey, whatever you are looking to achieve.

We help major banks, overseas lenders, start-ups, servicers and buyers and sellers of debt across the full range of secured lending services.

Experience

• Designing and reviewing the full range of regulated mortgage products, including residential purchase/remortgage, lifetime, shared equity, shared ownership, Sharia-compliant home purchase plans and consumer buy-to-let.
• Assisting new market entrants with innovative mortage products, including a “rolling” fixed rate residential mortgage with a ratcheted interest rate based on diminishing LTV, and unregulated buy-to-let for international customers with borrow-back and interest offset features.
• Advising over 20 lenders and servicers on reviewing their open and closed mortgage book suites for Consumer Duty purposes, involving documentation and policy changes and remedial action to ensure continue compliance.
• Acting for over 15 lenders and servicers on their LIBOR cessation projects in planning and executing the changes to customer terms required to transition customers to alterative reference rates.
• Assisting new market entrants in gaining FCA mortgage permissions or effecting FCA money laundering registrations for unregulated lending.
• Assisting originators and purchasers of portfolios of secured debt, from bilateral debt sales, through to forward flow arrangements, warehousings and public securitisations.
• Advising a number of banks, building societies and specialist lenders in producing and reviewing suites of standard secured loan documentation for use in the SME sector, based primarily on the security of real estate, including in bridging finance.