Steph Richards

Senior 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

Senior Solicitor, Property Law

Office – 01276 686 222
Direct – 01276 854 929

Articles Written by Steph

Property Roundtable Autumn Session

September brings not only a return to the classroom for students, but also a return of the Property Industry Roundtable. The Autumn session took place on 24th September and was hosted by Steph Richards. The next roundtable: 17th December 2020. Impact of the temporary...

Why should I consider selling affordable housing at “Golden Brick”?

When developing a larger residential site, it is common for the development to include dwellings to be allocated as affordable housing. The time of the acquisition by the Registered Provider can occur at a number of different times. This article focuses on sales at...

Stamp Duty Land Tax holiday announced

In a speech delivered today, 8 July 2020, the Chancellor Rishi Sunak announced a Stamp Duty Land Tax (SDLT) holiday for residential properties in England and Northern Ireland. What is Stamp Duty Land Tax? SDLT is payable on the acquisition on any major interest in...

Temporary CIL Reliefs and Extended Permitted Development Rights Announced

In response to the Coronavirus outbreak the Ministry of Housing, Communities & Local Government has announced several planning updates, including temporary measures to alleviate the immediate Community Infrastructure Levy (“CIL”) impact on developers, as well as...

The Property Industry Roundtable – 15 May 2020

Discussing life after lockdown, loan to value and the changing face of our high streets Steph Richards of our Real Estate team hosted another session in our popular series of Property Industry Roundtable discussions on Friday, 15th May. Below Steph shares the insights...

Is now the time to use Option Agreements?

We’ve all heard the rhetoric of the Covid-19 lockdown being a strange and difficult time, and if you are looking to buy or sell property at first glance it may seem that now might not be the best time to enter into a contract. However, when you look a little deeper,...

Land Registry respond to Covid-19 with updated ID and Signature Guidance

On Monday 4th May 2020 the Land Registry released updated guidance in relation to their ID verification requirements as well as an updated method for singing and completing documents remotely. What’s changed? As part of the ongoing industry response to the disruption...

Property Industry: Our 17 April roundtable review

The second in our increasingly popular series of Property Industry Roundtable was hosted on Friday, 17th April.  This meeting of representatives from across the property industry comprised a hosted discussion touching on many point of interest within the property...

Planning: The Impact of Covid-19

The planning process has seen a substantial change in the way in which applications and appeals are being processed in response to Covid-19. Here we look at 2 areas of the planning procedure that have adapted to allow continued applications to be accepted and...

Mortgage Holidays – A helping hand from Lenders

Coronavirus has shaken up daily life for everyone, including impacts on the ability of many people to work and earn their usual income. Given the nationwide impact of the lockdown rules the Financial Conduct Authority (the FCA) has confirmed that the lenders it...

Award winning legal advice

We are solicitors in Camberley, Wokingham and London. In 2019, Herrington Carmichael won ‘Property Law Firm of the Year’ at the Thames Valley Business Magazines Property Awards, ‘Best Medium Sized Business’ at the Surrey Heath Business Awards and we were named IR Global’s ‘Member of the Year’. We are ranked as a Leading Firm 2020 by Legal 500 and Alistair McArthur is ranked in Chambers 2020.



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