From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

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  5. The role of Law of Property Act (LPA) receivers

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.

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  1. The role of LPA receivers (PDF 54KB)