Due Diligence Working Group

In October 2013, the Due Diligence working group launched CREFC Europe’s Due Diligence Guidelines to assist those making secured loans against UK real estate.

After a successful seminar in late 2014 at which due diligence challenges were revisited against the backdrop of a strongly recovering market, a small working party developed a due diligence checklist aimed at making the guidelines more accessible and useful.  The intention is that, after updating the underlying guidelines and some industry consultation, the package will become a useful tool for lending firms and a best practice standard for non-originating investors.  The guidelines are currently being updated to include a more thorough treatment of construction finance due diligence and insurance matters, to incorporate UK tax considerations, and to reflect the introduction of minimum energy efficiency standards.

The working party currently comprises Simon Chadney, Herbert Smith Freehills LLP, Klaus Betz-Vais, Lloyds Banking Group and Guillaume Gruchet, Bank of America Merrill Lynch.

Please contact a member of the working party or Peter Cosmetatos on +44 20 3651 5696 or pcosmetatos@crefceurope.org if you have questions, suggestions, or would like to get involved.