QBM Lawyers has a strong practice in lending and lending litigation. Our Gold Coast lending lawyers have acted over the years for a number of lenders in documenting loans and in taking action for enforcement if the terms of those loans are contravened.
Our business lawyers will recommend the obtaining of adequate security to allow the best remedy if a loan is not repaid and can advise in respect of the enforceability of security and whether terms in loans are potentially unenforceable as penalties.
While the best security for a loan is usually a first mortgage over real property with significant equity, our Gold Coast lending lawyers understand that on occasion this cannot be achieved and that a party wishes to proceed with the making of a loan notwithstanding that only lesser security is offered. We can offer advice in relation to all forms of security including subsequent mortgages, general security agreements, mortgages over leases, and guarantees and advise as to the risks associated with those securities so that the parties fully appreciate the loan transaction.
Lenders should act like lenders and as such look at whether the borrower has the ability to service the loan and what assets might be available if it is not repaid. The terms of the loan are also critically important to determine rights of recovery. As an example, the limitation period for loans that do not specify a repayment date can be six years after the date of the loan, and in some cases the right to recover can be lost if proceedings are not taken in that period or the debt is not acknowledged in that period.
For all lending and mortgages enquiries, please contact or Peter Muller on 07 5574 0575 or peterm@qbmlaw.com.au or Megan Hanneman at meganh@qbmlaw.com.au
We provide legal services across commercial litigation, property law, business and corporate law, construction law, insolvency, and wills and estates. Our experienced legal team handles both complex disputes and advisory matters for individuals and businesses.
Yes, we offer initial consultations to understand your situation and provide clear, practical advice. You can book a consultation through our website or contact our office directly.
Our firm has decades of experience representing businesses, property developers, and individuals across Queensland. Our senior lawyers have extensive expertise in litigation and commercial law.
Please bring any relevant documents, such as contracts, agreements, court notices, or correspondence related to your matter. This helps our lawyers assess your situation more efficiently.
Yes, we handle a wide range of commercial and business disputes, including contract disputes, shareholder disputes, and business litigation. We provide clear, strategic advice tailored to each client’s needs.
Our legal fees depend on the complexity and nature of your matter. We provide clear, transparent fee structures and discuss costs upfront so you know what to expect.
Yes, we assist with property transactions, conveyancing, development matters, and property disputes for individuals, investors, and businesses.
Timeframes vary depending on the type and complexity of the matter. Some matters resolve quickly through negotiation, while others may require court proceedings. We keep clients informed at every stage.
For over 40 years, QBM Lawyers has delivered effective legal solutions for clients across the Gold Coast.
We understand our clients’ goals, recognise the challenges they face, and provide clear, practical advice to support their commercial objectives.
Liability limited by a scheme approved under Professional Standards Legislation.
©2024 QBM Lawyers. All Rights Reserved