The role of Law of Property Act (LPA) receivers
Last updated: 24 Feb 2011
This guidance is for: lenders
This guidance note outlines the basic circumstances and considerations for a lender in appointing a Law of Property Act (LPA) or fixed charge receiver. The drafting of this guidance has been assisted by an independent LPA receiver, Bradford & Bingley, Eversheds, NARA, TLT Solicitors and the CML’s Buy-to-Let Panel.
This guidance has no regulatory status and some of the examples of good practice given may not be appropriate in every circumstance.