Mortgage Lending, Retail Finance and Portfolio Sales
Whole loan sales
Taylor Wessing has advised both sellers and purchasers of mortgage portfolios for many years and is one of the leading firms in this sector. It has concluded numerous mortgage sale transactions and developed documentation to suit a number of disposal programmes.
Taylor Wessing advises some of the UK's leading creators and traders of mortgages on all aspects of their mortgage origination and sale programmes. We have been instrumental in facilitating the use of a broad range of techniques to achieve certain goals, including mortgage sale agreements providing for the sale of a number of yet to be created mortgage portfolios at set future dates as well as the implementation of a relationship with a number of mortgage acquirers to set up a rolling programme of mortgage sales.
Taylor Wessing has also advised on numerous portfolio acquisition agreements.
Warehouse funding
Taylor Wessing has extensive experience on warehouse funding for mortgage providers and the requirements of funders. We have developed on structures allowing security over mortgages given to the warehouse funder to be automatically released to allow portfolio transfers.
We have also advised on structures involving the transfer of mortgages immediately after creation for the purposes of financing structures and are familiar with the arrangements current in the market in relation to correspondent lenders and packagers. We have experience of advising on origination agreements, correspondent lender and packager documentation.
Mortgage documentation and retail finance
Taylor Wessing has considerable experience in developing retail finance documentation and advising on the relevant legal issues. We have recently completed the revision of a major mortgage lender's mortgage conditions.