Challenging an LPA receiver

Challenging an LPA receiver

8:33 AM, 11th July 2016, 10 years ago 11

UKAR (as Mortgage Express) have appointed an LPA receiver on a flat I own. They said I didn’t make any payments to the account for 3 months. I have shown them redacted bank statements showing payments made from my account to their collections account. Apparently this isn’t good enough. they are now asking that I sign new terms and conditions, reduce my overall portfolio term to 7 years from 15 years, make overpayments of £1500 per month and pay everything by direct debit & pay off the LPA receivers fees – some £3000. Challenge

Ironically they refused to have DD’s set up on my Ltd company account which manages my portfolio so this is why I pay by standing order.

I have found them to be incredibly difficult to deal with and now feell like I have to get my MP involved as well as solicitors. Before I go wasting money on a solicitor who doesn’t know what they are doing – has anyone else had dealings with Mortgage Expresses portfolio team and or dealt with an LPA receiver before. I cannot believe this has happened but now have to deal with the aftermath of their incompetence.

Regards

Adrian


Share This Article

Comments

Have Your Say

Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.

Not a member yet? Join In Seconds


Login with

or