On 6 April 2013, the process for registering corporate security at Companies House changed for charges created on or after that date. It is now possible for security documents to be registered on-line or downloaded by anyone searching the company's registers. The aim is that the new system will be easier to use and improve access to information about registered charges.

Here, Wragge & Co's banking experts highlight five key changes that will affect anyone creating new security on or after 6 April 2013. They also offer some practical action points for consideration.

Corporate lenders and borrowers of mortgaged property will want to be aware of the new arrangements. If a company does not wish to e-file charge documentation, it can continue to lodge applications for registration by post.