Expertise - Loan Book Trading

Recent years have seen a rise in the number of loan portfolio sales and acquisitions involving Scottish loan collateral in both the commercial and residential sectors and our team is regularly involved in acting for sellers, bidders, purchasers and their funders.  We are one of the few teams in Scotland with the requisite expertise and experience to deal with all aspects of a purchase, from volume loan file due diligence through to asset acquisition, advising on asset work-out strategies, funding and onward securitisation, having worked on some of the most prominent transactions involving Scottish assets of recent years.


Read our 2015/16 Banking Deals Review to find out more about our work

Key People

Experience

Carval
Acted for Carval on the Scottish aspects of the acquisition of the Future Mortgages/Citi residential mortgage loan book and the subsequent securitisation of the portfolio involving the issue of £460m mortgage backed floating rate notes by Dukinfield PLC.
Morgan Stanley
Acted as Scots Counsel for Morgan Stanley, the lead arranger of the funding banks in relation to the £13bn sale of Northern Rock's mortgage portfolio.
Oaktree
Acted as Scots Counsel for Oaktree (via its advisory arm Sabal Financial Europe Limited) on the Scottish aspects of its purchase of a portfolio of commercial loans sold by NAMA and its subsequent financing.

Clients