Secured lending is a loan backed by an asset, such as property, vehicles, or equipment. By offering collateral, borrowers can usually access larger sums, lower interest rates, and longer repayment terms compared with unsecured loans. The lender takes a legal interest in the asset, meaning if repayments are missed, the lender can recover the debt by enforcing against the collateral.
Examples of Secured Lending
Common examples include:
mortgages
legal charges registered against land or buildings
company debentures
asset finance agreements.
While secured loans provide clear benefits, they also carry risks: borrowers may lose the asset if they default, and lenders must consider costs of registration and enforcement.
Legal Considerations for Secured Lending
From a legal perspective, secured lending requires careful checks. At Lawson West Solicitors our Corporate and Commercial Property Teams based in our Leicester and Market Harborough offices act for clients nationally in assisting clients with secured lending, providing expert advice on all aspects of secured lending.
Our services include:
ensuring that the borrower has good title to the asset
registering charges with the Land Registry or Companies House
advising on the priority of charges where multiple lenders are involved.
Clear, professional legal advice is essential to protect both borrower and lender.
Contact Lawson West Solicitors today for expert guidance on secured lending, mortgages, and commercial property finance. Call us or visit our offices in Leicester and Market Harborough for tailored advice. Contact Us, telephone 0116 212 1000 and ask for Rebecca Beswick or Louis Tranter.
