The role of Law of Property Act (LPA) receivers
Last updated: 14 Mar 2018
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.
All guidance provided in this document is based on a broad consensus of lenders’ collective views and approaches to receivership.
It should be taken as a voluntary statement with no regulatory status. Some of the examples of good practice given may not be appropriate in every circumstance.