Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Lending definition

What does Lending mean? In copyright practice, lending means making a copy of a protected work available for use on the understanding that it will, or may, be returned. It is a statutory concept in the UK and Ireland and is distinguished from rental by the absence of any direct or indirect economic or commercial advantage. Lending to the public usually occurs through establishments accessible to the public (for example, public libraries and certain educational or cultural institutions). Reasonable cost‑recovery charges do not convert lending into rental. The classification matters because lending to the public is a restricted act. It engages the rightsholder’s exclusive lending...

UK real estate finance security: SPV asset and share security for investment and development, debenture terms, LMA documents, tax considerations, and the Overseas Entities Register and NSIA 2021

Published by a LexisNexis Banking & Finance expert

Practice notes

Real estate finance is a type of secured lending.

Some motivations for taking security in a real estate finance deal mirror in practice the general benefits of security seen in commercial lending (see Practice Note: Difference between security and quasi-security—Why take security and/or quasi-security?). However, security assumes heightened significance here because the borrower is commonly a special purpose vehicle (spv) (also referred to as a special purpose company or spc) incorporated solely for the contemplated transaction (that is, to acquire, or to acquire and develop, a property). Consequently, the borrower will lack an operational track record and its assets will be limited to the property itself and, where relevant, the development of that property. See Practice Note: Introduction to real estate finance—the lending structure—Borrower entities in real estate finance transactions. Due to the SPV structure, a lender’s assessment of the borrower’s standalone credit risk typically carries less weight in real estate finance than under a conventional corporate loan. One method by which the borrower can strengthen its credit profile and reinforce the lender’s comfort on repayment is to grant a robust, all-encompassing security package...

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Web page updated on 21/05/2026

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