Graham's success is well received; Commercial Property Quarterly Review.
After successfully completing a written examination, Graham attended a peer interview, comprising a panel of three registered property receivers, and was awarded the qualification under the Fixed Charge Receivership Scheme (FCRS).
Fixed charge receivership is a specialised, complex, and potentially highly-litigious area, requiring a great breadth of knowledge and experience in order to provide the best advice.
The main driver of the FCRS is to ensure that only those with the appropriate and relevant experience are able to register as fixed charge receivers.
Only nine people sat and passed the examinations this year, just three of whom were based in the North of England. Graham Oldfield is now the only RICS RPR and Fellow of the Association of Property and Fixed Charge Receivers (NARA) based north of Leeds and Manchester.
He said: "It is a significant and rewarding feat to have achieved the status of an RICS RPR."
As a Fellow of NARA, Graham is bound by a Code of Practice which sets out rigorous procedures to which all members must adhere, in order to maintain and improve standards and minimise risk.
Graham added: "As the credit crisis deepens, the number of distressed property sales is increasing. Therefore, becoming an RICS RPR, and a Fellow of NARA, will give potential clients confidence in LSH's ability to carry out the role and duties of a fixed charge receiver."
Darron Barker, head of LSH's Newcastle office, said: "Graham's success is fantastic achievement and further reinforces LSH's Asset Recovery and Restructuring Team.
"We have already received a number of instructions on behalf of lenders seeking to maximise the recovery of value from charged assets and Graham's new status inevitably positions him well to undertake many more."
Launched in 1999, the FCRS is a joint initiative between the RICS and the Insolvency Practitioners Association (IPA), now joined by the Association of Chartered Certified Accountants.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Journal (Newcastle, England)|
|Date:||Mar 25, 2009|
|Previous Article:||Plan to bring new life into Durham Gate; Commercial Property Quarterly Review.|
|Next Article:||Emphasis on commercial core at Gateshead Quays; Commercial Property Quarterly Review Despite this week's setback with the aborted 100,000sq ft...|
|GEORGE IS LEEDS BOSS.|
|By The Numbers.|
|A measure of success.|
|Football: injury briefing - Bullen not bullish about fitnes s hopes.|