Jump to content
House Price Crash Forum
Sign in to follow this  
SarahBell

Post office BTL ad..

Recommended Posts

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

Share this post


Link to post
Share on other sites
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:

http://www.tanfieldchambers.co.uk/resources/articles/can-an-lpa-receiver-be-prevented-from-selling-a-secured-property

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)

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   59 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.