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Post office BTL ad..

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Just like an administrator/receiver of a failed company 

BTL not paying the mortgage out of the rental payments the bank have the right to appoint someone  to collect the rent to ensure they get their cut 

Edited by long time lurking

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3 hours ago, oatbake said:

This is just an LPA receiver isn't it? Pretty standard where a BTL mortgage is in default? It would be an interesting tactic if lenders are starting to use this option more rather than resort to posession proceedings:


I think this action is only used util they can take  vacant possession (they are not going to evict a tenant half way through a tenancy contract)

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