Due Diligence Working Group
A new 2019 edition of our Due Diligence Guide for lending against UK real estate has been published, expanding and updating the original 2013 version.
We have expanded the content relating to the financing of construction and development, added material on UK tax and insurance, and updated the environmental aspects.
We are immensely grateful to all the contributors (identified at the front of the Guide) who made this possible, and especially to the leadership and coordination provided by Klaus Betz-Vais of Lloyds Bank and Simon Chadney of Herbert Smith Freehills LLP.
We hope that the Guide will be widely used by lending firms and recognised by lenders and non-originating investors as a mark of good due diligence practice. The next project is to create a checklist based on the Guide that could be more easily incorporated into lenders' due diligence processes and become a mark of best practice for the industry.
You are welcome to contact Peter Cosmetatos or the contributors to the guide (identified within the guide itself) if you have questions or suggestions.