Steph Richards

Solicitor, Property Law

Having trained with Herrington Carmichael, Steph qualified into the Real Estate department in 2014. She has since built knowledge and expertise on a broad range of Real Estate transactions, acting for both companies and individuals on a variety of matters, including advising banks and borrowers in relation to secured lending and mezzanine finance, the sale and purchase of land for residential development using a range of contracts, including option agreements, conditional contracts and unconditional agreements. Steph has also developed a specialism in leasehold enfranchisement, including providing tailored advice in relation to lease extensions, and collective enfranchisement.

Experience | Recent Projects

Secured Lending
  • Instructed by a major bank in relation to secured lending on the multi-million pound acquisition of a garden centre subject to several concession leases.
  • Acting for both borrowers and lending institutions in relation to property finance transactions, including in relation to development sites
  • Expertise in mezzanine financing having recently acted on a £425,000 mezzanine facility for a development site with a GDV of £3.3m
  • Acting for a mezzanine lender in relation to development finance for a residential scheme in Wandsworth comprising 28 flats with commercial space below


Residential Development
  • Site acquisitions for residential development
  • Option agreements
  • Unconditional sale and purchase contracts
  • Conditional agreements for the disposal or acquisition of land
  • Planning agreements – Unilateral Undertakings or S106 Agreements, S278 Agreements and S38 Agreements
  • Deeds of Grant to grant rights for cables, pipes and drains in favour of utility companies or private land owners
  • Plot Sales site-set up, including drafting the contracts, transfers and leases (as appropriate) for the development
  • Acted for a developer in contracting to purchase a development site by way of an option agreement, and then sub-selling the site to another developer with the benefit of planning consent
  • Sale and leaseback arrangements, including on freehold reversionary sales
Leasehold Work
  • Expertise in relation to leasehold enfranchisement, including acting for residential landlords and tenants in relation to lease extension both inside and outside the statutory procedure, collective enfranchisement, right to manage and advising on tenant’s rights of first refusal.
  • ALEP accredited practitioner for leasehold enfranchisement matters
  • Landlord and Tenant work – acting for both Landlords and Tenants in the granting and taking of commercial leases.

Interests and Hobbies

Steph is a keen home baker and even made her own wedding cake. When not baking Steph enjoys spending time outside and likes skiing, mountain biking, camping and climbing the odd mountain.

Steph Richards

Solicitor, Property Law

Office – 01276 686 222
Direct – 01276 854 929

Articles Written by Steph

Mortgage Holidays

In these unprecedented times both mortgage lenders and borrowers are encountering new situations and potential challenges to their usual mortgage arrangements. Here we seek to clarify the current position for those with a mortgage secured against property. On 20th...

Security of tenure and the Landlord and Tenant Act 1954

In the case of business tenancies, both landlords and tenants need to be aware of security of tenure. Security of tenure is a statutory right, allowing a tenant to renew its tenancy at the end of the contractual term. The provisions governing security of tenure are...

Secured Lending – How can I protect my loan?

When lending money to a third party it is common practice for a lender to secure their loan against assets of the borrower. A common example of this is securing money against a property by means of a mortgage. But what exactly is a mortgage, and how can a lender best...

Preventing Property Fraud

  For most people the property you own will be your most valuable asset. This in turn makes property at risk of fraudulent activity owing to the value that is attributed to bricks and mortar. Those most at risk from property fraud are people who do not live in...

What is Collective Enfranchisement? A Guide for Leaseholders

You may have heard of collective enfranchisement in relation to residential flats, but what does it mean, and how do you know if you can use the right? The following is a brief summary to this area of law for leaseholders looking to acquire the freehold to their...

What is a title indemnity policy?

The title of a property will usually be investigated when the property is either being sold or leased out. The buyer or prospective tenant under a lease will want to establish whether the seller is legally able to transfer the title to the property that the seller has...

Can I cut down a tree on my land?

When buying a property, trees on the land may not be the first thing on your mind.  However, the regulatory status of trees is important because it may affect your ability to prune or remove them. Who owns the tree?A tree belongs to the person on whose land the tree...

A Tenant’s guide to Commercial Tenancies

 Once a tenant has decided to proceed to acquiring a commercial lease, formal negotiations to agree the Heads of Terms begin. The Heads of Terms set out the principal terms which will guide the form of lease to be entered into and form the basis for our drafting of...

Collective Enfranchisement – how far reaching can it be?

Collective enfranchisement claims may not be at the forefront of a developer’s mind when building out or selling a development, however it is a matter that should be considered, particularly if there is scope for additional development of the building following...

Why do we do Commercial searches?

When purchasing land or entering into a lease of commercial property, as a buyer you are subject to the legal principle of caveat emptor, which translates as “buyer beware”. This means that once contracts have exchanged, you cannot pull out because you have discovered...

Awards | Accreditations 

Accredited Conveyancing Lawyers
Accredited Immigration & Asylum Lawyers
Accredited Conveyancing Lawyers
Accredited Immigration & Asylum Lawyers

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