FCR is a unique, cost effective, swift and efficient route to recover distressed loans and to exit. Authority is derived from the charge documentation and Ss101-110inc. of the Law of Property Act 1925. It is a long-established exit route for lenders: it concentrates solely on the security of the fixed charge and is distinctly segregated from the other personal or corporate issues of the borrower. It is expressly not an appropriate route for floating charges.
