Pantera Property offers a cost-effective route to selling properties, throughout the UK. Our benefits include:
- 0% Seller Fees
- £0 Marketing Costs
- £0 Entry Fee
- Free Valuation
- 2% (min. £3,000) inc. VAT Buyers Premium paid by Buyer
- No Sale, No Fee
- Optional Additional Services: EPCs, Finance, Insurance, Conveyancing
We accept Fixed Charge/Law of Property Act Receiverships for the following:
- Building Societies
- Challenger/alternative lenders
- Private individuals
Colin Fell is an associate of Property Fixed Charge Receivers (NARA) and was formerly head of JLL in the North of England.
What is a Fixed Charge Receivership?
Originally a creation of the Law of Property Act 1925 (s101), the powers afforded to a Law of Property Act (“LPA”) Receiver are limited by modern standards and an appointment is usually made under the lender’s fixed charge (mortgage) as well as under the powers afforded by 1925 Act.
In addition to a formal LPA process there are other exit routes available to secured lenders where we can advise and assist:
- Assisted Voluntary Sales
- Mortgagee in Possession
- Mortgagee not in Possession
- Assistance to Lenders seeking possession.
A Receiver acts as agent for the mortgagor (borrower) and whilst the principal obligations are to the mortgagee (lender), the Receiver has a duty of care to the borrower for proper conduct and to obtain best price at the point of sale.
We are fully aware of the FCA requirement surrounding the fair treatment of customers (TCF) and work with our secured lender clients in adhering to this requirement in each property recovery assignment.
Our lease advisory service is led by James Ratcliffe and Tom Snook who provide impartial advice to both occupiers of commercial property and insolvency practitioners.
We provide lease advisory advice to include negotiating with landlords to restructure expensive leases and assist Insolvency Practitioners with negotiations when companies are facing insolvency.
Our team actively seeks to maximise the value of such opportunities through strategic advice, thorough financial appraisal of options and negotiation on new lease terms.
Through our affiliation with Hilco we offer valuation and sales advice across a wide range of asset types and on a nationwide basis. The alliance with Hilco Valuation Services will allow us to increase the scope of our advice to a range of clients. The ability to partner up with Hilco Appraisal, the market leader, now allows us to offer a full service with a single point of contact.
Hilco have a wealth of experience in the disposal of all types of Plant and Machinery, Vehicles and Stock Disposals either by Private Treaty, On-Line Auctions or Public Tender and at all times seek to maximise asset realisations. These can be from a single asset to a multi-location manufacturing companies.
We provide advice for all UK based Recovery and Restructuring accountants and advisors offering ‘day-one’ valuation advice through to asset disposal. These include all asset types from Property, Intellectual Property, Branding and Stock through to Machinery and Business Equipment. We provide support in areas such as Reservation of Title, Finance, Logistics, Security, Asset Training and Repossession.
Our team provides a central management service ensuring one point of contact for all management requirements, regardless of the diversity of locations of the portfolio.
We have experience of dealing with bankrupt estates consisting of multiple properties and the management of portfolios in order to minimise risk and maximise return on the sale of the assets. Reviewing the portfolio can help identify any refurbishment opportunities that may add value and help it achieve a greater rental yield. We also understand the required maintenance of a portfolio of properties through to facilitating the disposal.
We are experts in corporate recovery and work closely with Insolvency Practitioners, businesses, their lenders and advisers. We provide a full range of services from securing the site and assets, appraisal and valuation of the property and assets, through to the marketing and sale of the property and business & machinery assets to maximise realisations.
Our entire focus is on achieving best value for our clients whilst ensuring the sales process runs efficiently.
Insolvency Residential & Commercial Sales
Pantera devises sales strategies to add value and maximise the sale price. The team has experience of dealing with different asset types across a diverse range of locations.
Case Study: Fairacre, Blakeney, Norfolk
- Five-bedroom house
- Internal inspection and valuation
- Lock change and drain down.
- Instructed to market the property for sale.
- Asking price of £1,550,000
Residential Estate Agency
As well as nationwide insolvent properties sales, Pantera Property offer an estate agency service around the Harrogate and Leeds area. Our experienced team will work hard on your behalf to achieve the best possible price for your property within a realistic time frame. Our services include:
- Market appraisal and recommendation
- Professional photos and floorplan
- Accompanied viewings.
- Dedicated sales progression team
We offer a full property security and maintenance service to our clients delivering a straightforward and high level of service.
We attend evictions and ensure, once unoccupied, properties are secure and comply with insurance requirements.
Our services include:
- Lock changes & drain down
- Clearance & storage
- Ongoing maintenance
- Budgeting & cost management
- Security & caretaking of empty properties
- Arranging insurance
- Rent collection & debt recovery
We provide residential and commercial valuation advice to insolvency practitioners, solicitors, funds & other investment institutions for restructuring and recovery purposes, banks & building societies for secured lending purposes, property companies and developers.
Our valuers are all RICS Registered Valuers with a range of experience in residential, commercial and development sectors in geographical locations across the country.
Our valuers provide an efficient and effective service, combining their experience and knowledge with their continued exposure to the property market to provide comprehensive valuation advice. From the outset of an instruction to the final report, the team provides a high standard of service ensuring reports are tailored to suit our clients’ needs, that are RICS compliant, transparent and deadlines are always met.
“I have worked with Pantera Property for a while now, instructing them to carry out property valuations, internal and drive-by/desktop as well as providing advice with regards to market conditions and achievable sale prices etc in respect of bankruptcy cases of which I administer. They have also acted on my behalf when marketing various properties. Their service is of an exceptional standard and they are always willing to assist when required, they work to your convenience and are very efficient. I would recommend Pantera Property to any business requiring agents to value and market properties on their behalf.”
“Pantera provide a very professional and efficient service, from quotations to delivering the final report, by providing clear, competitive valuation quotations and turnaround times whilst maintaining the highest professional standards throughout the process. By having offices in the North and in London, Pantera have the knowledge, experience and ability to offer a nationwide service that exceeds all of our expectations.”