Security training & useful material
The four Partners in the Securitisation team regularly provide Security Training for RPs and RSLs.
This involves a run through of the steps which Devonshires take when charging properties and then explains ways in which the RPs and RSLs can help themselves to speed up the charging process, mainly by having a system in place whereby the development staff of the RPs and RSLs put together packs of documents relevant to schemes they are acquiring, using the DEV1 Form attached to this Guide. These packs are then provided to the finance department who send them on to us when instructing us to charge schemes. This has worked very well for a large number of RPs and RSLs for whom these Security Training sessions have been given and who have taken us up on the suggestions made.
The session also runs through issues that prevent properties being charged and issues that arise with lenders on documents containing affordable housing provisions and mortgagee exclusion clauses.
A Session lasts between 2-3 hours (depending on how much discussion there is during the Session) and can be held at the offices of the RP or RSL or at Devonshires’ offices. It is usual for between 10 to 30 people to attend from both the finance and the development departments.
The Sessions are given free of charge.
Please click below to download the following useful materials:
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020 7628 7576