The main purpose of appointing a Law of Property Act (LPA) receiver is to take charge of a mortgaged property and sell it. The property may need some alterations to a suitable condition before it can be sold. Due to the management of the property (now in the hands of the creditor) all rental income now comes directly to the creditor bypassing the defaulting borrower. An LPA receiver should have the professional skill set and experience to deal with complex property matters. Generally, LPA receiverships are subject to fewer formal agreements than an administration.
LPA Reciever Solicitors Areas of Expertise
At Bloomsbury Law, our expert insolvency solicitors have years of experience and can advise on all aspects of sales by LPA Receivers, whether appointed by creditors or financial agencies. We provide and specialise in the following areas:
- Sales of property;
- Preparation of auction packs;
- Title enquiries;
- Management of property issues;
- General advice prior to the sale; and
- Appointment of LPA Receivers.
Our insolvency team work closely with other departments in our law firm (especially the property department) in case any additional information is required should we need further assistance in a case. Assistance may be required for occupational issues; planning issues; landlord or tenant issues or other property disputes.
We understand a LPA Receiverships can be a life changing event within your business, but please note it is of the upmost importance to contact a specialist to receive expert advice. Our insolvency team is one of the finest in the country and have years of experience dealing in LPA’s, so call us with confidence.
What do I do next?
Contact us online or speak to one of our dedicated litigation solicitors on 0207 998 7777. With our vast experience in the field, our team will work with you to ensure this process runs as smooth as possible. All information you provide us with is treated with the utmost confidentiality.
We will contact you no later than the next working day to arrange a meeting at our offices in London W1 to advise on the agreement.