The last few years have seen an upsurge in mortgage portfolio transactions, which we are expecting to continue, as well as a general focus on building portfolios with the uptick in the use of various funding structures.

There have also been substantial legal, regulatory and policy changes impacting the mortgage market in recent years.

This means that there is lots for buyers to think about when carrying out due diligence on mortgage portfolios as part of a potential acquisition.

This workshop will explore the hot topics that buyers of mortgage portfolios should consider as part of their due diligence. The workshop will also consider what sellers can do to prepare in relation to buyer due diligence questions around these areas.

The hot topics to be covered will include, amongst others:

  • Consumer Duty
  • Libor cessation/ transition
  • Litigation trends and investigations
  • Land Registry
  • Buy-to-let headwinds

Learning outcomes:

  • Understand why certain areas have become hot topics that should be carefully considered in due diligence as part of mortgage portfolio acquisitions.
  • Learn about the questions that buyers should ask in relation to these hot topics and what other steps buyers can take as part of their due diligence and to protect against the risk associated with these areas.
  • Learn what practical steps sellers can take in order to be better prepared for the types of questions that buyers might ask in relation to these hot topics.
  • Learn about other areas that may become hot topics for due diligence in the future.

Take this training in-house:

This training is also available as an in-house programme, which means you can tailor it to exactly what you and your colleagues require. Pricing for in-house will depend on what is required. Enquire about this option by contacting our training team.

Area of expertise:
Tom Ward

Tom Ward

Partner, TLT

Tom has significant experience in acting for clearing banks, lenders, loan acquirers, loan servicers, private equity funds and insolvency practitioner...

Tom has significant experience in acting for clearing banks, lenders, loan acquirers, loan servicers, private equity funds and insolvency practitioners. Tom has a particular focus on loan portfolio sales and acquisitions, corporate restructuring and the non-contentious side of corporate insolvency. 

Tom has worked on a number of high-profile and complex assignments, including the UK’s largest ever acquisition of shared equity mortgages and the disposal of large portfolios of regulated mortgages and unsecured consumer debt.  Tom advises insolvency practitioners on their appointment, trading issues, business and asset disposals and also acts for secured lenders on security enhancement and enforcement strategy.  Tom also regularly works with boards of directors, advising on their rights and duties at times of financial distress.

Tom has previously undertaken a 12 month secondment with The Royal Bank of Scotland Plc.

 

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Abigail Hadfield

Abigail Hadfield

Partner, TLT

Abigail is expert in both contentious and non-contentious corporate recovery and insolvency and has worked on a number of high-profile and complex ass...

Abigail is expert in both contentious and non-contentious corporate recovery and insolvency and has worked on a number of high-profile and complex assignments.

Her experience includes advising insolvency practitioners on their appointments on trading issues and on the disposal of businesses, real estate and assets. She advises secured lenders on security enhancement and enforcement strategy.

She also advises boards of directors and shareholders on their rights and duties in situations of financial distress.

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Philip Collis

Philip Collis

Partner, TLT

Philip specialises in commercial property work relating to secured lending recoveries.  He deals with all aspects of insolvency transactions including...

Philip specialises in commercial property work relating to secured lending recoveries. 
He deals with all aspects of insolvency transactions including fixed charge receivers and administrations, often involving large portfolios. He also has extensive experience in secured lending, commercial landlord and tenant work, advising on acquisitions and disposals and project related work.

He has previously spent a year on secondment with a major retailer and consequently gained a valuable insight into the workings and requirements of a large scale estate as well as managing a number of major property driven projects.

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Richard Clark

Richard Clark

Legal Director, TLT

Richard has over 18 years' experience in banking, restructurings and insolvency. As well as his corporate banking work, Richard has been involved in l...

Richard has over 18 years' experience in banking, restructurings and insolvency. As well as his corporate banking work, Richard has been involved in loan portfolio sales, debt capital markets work (including securitisations), real estate finance, project finance/Clean Energy, consumer finance (including consumer credit and regulated mortgages) and asset finance (including shipping, aviation and plant and machinery).

Richard has a unique understanding of client aims and drivers, having previously been seconded to a Financial Services Restructuring Legal team.

He is a national council member of R3, the Association of Business Recovery Professionals, is ranked nationally for his banking and insolvency expertise and is named as a 'notable practitioner' in Legal 500 and an 'Associate to watch' in Chambers UK 2020.

 

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Nick Curling

Nick Curling

Legal Director, TLT LLP

Nick specialises in acting for financial institutions in a wide variety of banking litigation matters including high value recovery actions and in def...

Nick specialises in acting for financial institutions in a wide variety of banking litigation matters including high value recovery actions and in defending claims brought by customers and third parties. He has spent 18 months on secondment within the restructuring and recoveries division of a major UK bank gaining an invaluable insight into the commercial and regulatory pressures faced on a daily basis.

Nick has extensive expertise in professional negligence claims for lenders, in particular involving claims against property valuers, solicitors and project monitoring surveyors. He has also acted for claimants against accountants, auditors and investment tax advisors.

His experience in fraud matters includes defending various banks in relation to claims alleging breach of duty to spot or prevent frauds perpetrated on business customers, and acting for lenders in relation to mortgage and commercial loan frauds.

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Sam McCollum

Sam McCollum

Partner, TLT

Sam specialises in financial services litigation. He has particular expertise in acting for lenders in professional negligence and fraud claims arisin...

Sam specialises in financial services litigation. He has particular expertise in acting for lenders in professional negligence and fraud claims arising out of commercial and residential property transactions. He regularly acts on high-value claims against a range of professionals, including solicitors and surveyors.

Sam is focussed on achieving good commercial outcomes for his clients whether via mediation, or other forms of ADR. Sam also has experience in taking professional negligence claims to trial and in defending professional negligence claims.

 

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James Chadwick

James Chadwick

Partner, TLT

James specialises in complex banking and financial services litigation, recoveries and professional negligence. James has a particular specialism in s...

James specialises in complex banking and financial services litigation, recoveries and professional negligence. James has a particular specialism in secured litigation and recovery strategy. His understanding of the issues underpinning his banking clients' problems enables him to provide tactical, commercial and pragmatic advice. As a consequence James has advised some of the most high profile UK lenders on key projects affecting their portfolios. James is a litigator with diverse experience including specialist real estate and commercial litigation claims. He is well-versed in alternative dispute resolution including mediation.

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Chantal Peters

Chantal Peters

Partner, TLT

Chantal specialises in financial services related disputes and contentious financial services regulatory matters. She has experience in a number of ...

Chantal specialises in financial services related disputes and contentious financial services regulatory matters.

She has experience in a number of finance related disputes including debt recovery, mis-selling of financial products, breach of contract, issues of fraud, negligence and enforcement pursuant to the Consumer Credit Act 1974 and 2006.  

She advises financial institutions in relation to investigations and enforcement action by the FCA. Her experience includes acting for a major banking client in its customer redress process arising out of the sale of interest rate hedging products and acting for a major clearing bank on a significant investigation into the treatment of SMEs during the economic downturn.

Chantal also advises clients on matters relating to financial crime compliance.

Prior to joining TLT LLP, Chantal spent time on secondment in the litigation and regulatory team at two major retail banks.

 

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Both legal and operational teams at mortgage lenders or potential new market entrants, particularly those lenders who sell or acquire mortgage portfolios or who may look to do so in the future.

The workshop will also be of interest to servicers of mortgage portfolios.