LPA receivership

Recovering income from property to repay and reduce the liability of lenders when the terms of a loan are breached by the borrower.

Expert property recievers

LPA receivers

Our Chartered Surveyors specialising in LPA receivership act for banks, mortgage service providers, short term lenders (including bridging and development loan providers), and family trusts who have secured their loans by a mortgage on commercial or residential property.

Our focus as LPA receivers is the recovery of debt and income streams from the charged property to repay or reduce liability to the lender when the borrower defaults on their payments. We are experienced LPA receivers that tailor our approach to debt recovery based on the specific needs of the lender whilst meeting our professional obligations as registered property receivers.

Our service and practices are fully compliant with FCA regulations and RICS codes of conduct.

 

Our service includes

 

  • Pre-appointment consultation
  • Pre-receivership support as mediator between the two parties
  • Open dialogue and clear lines of communication for all parties. (lender, borrower & occupiers)
  • Professional property assessments by a Chartered Surveyor & RICS registered valuer
  • A tailored recovery strategy
  • Maximising asset value to increase recovery
  • Giving clear, unambiguous advice
  • Meeting your compliance and legislation requirements as lenders
  • Experience in difficult and sensitive negotiations

 

We act and advise on

 

  • Pre-receivership support as mediator between the two parties
  • Securing, repairing and insuring the property
  • Taking possession of the property where applicable
  • Property management and disposal strategy
  • Diverting rental income, handling monies due and minimising financial loss
  • Pursuing planning permission, Implement strategies, negotiate new leases, tenancy agreements or other actions that may improve the resalable value of the premises
  • Arrange an efficient sale of the property
  • Distribute proceeds of the sale to all relevant parties

 

Before we are appointed, lenders can offer proposals to the customer suggesting repayment options and outstanding liabilities in the form of a ‘pre-receivership report’. We can assist at this stage to act as a mediator between the two parties should this be required.

 

Find out more about our receivership service

Profile and case history for Rob Kerrigan, LPA lead at Kempton Carr Croft

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5 things for lenders to consider when appointing an LPA receiver

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Frequently asked questions - LPA recievership

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What does an LPA receiver do and why are they appointed?

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Case study: Build out and completion of 9 house development in High Wycombe

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For guidance on your individual options, please get in touch

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Our Team

Rob Kerrigan

BSc (Hons) MRICS

Managing Director
Rob-Kerrigan.jpg VIEW PROFILE

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