LPA receivers called in for just over 2 months arrears?

LPA receivers called in for just over 2 months arrears?

10:50 AM, 8th August 2016, About 6 years ago 6

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Mortgage Express have passed my property on to LPA receivers. The mortgage is £254 a month and I owed £546 when they passed it to them. The receivers have not payed a penny and the arrears are now over £1300.Arrears

The tenant has told me she didn’t like the agents attitude and she felt intimidated so I think she will end up moving.

I have put a complaint in, but had no response and I’ve told the ombudsman.

I have another property with Mortgage Express and I’m worried they’ll make me sell the other one and don’t know what to do.



Neil Patterson View Profile

10:57 AM, 8th August 2016, About 6 years ago

Hi Darren,

This does obviously seem very harsh, but I have given up being surprised by how and why Mortgage Express call in LPA receivers. We have so many readers questions/articles on the subject of cases it may help to know you are not alone if you want to do a Article search using the Search Articles box on the left.

We do however have a Property118 member (Peter Fisher) who is a Lawyer and specialises in helping readers fight unfair Mortgage Express and LPA tactics.

If you want to make contact with Peter please see his profile >> https://www.property118.com/member/?id=10845

Luke P

14:27 PM, 8th August 2016, About 6 years ago


Are you perhaps a landlord who is not aware of what Mortgage Express have been up to in recent times and maybe figured that a couple of months mortgage arrears is nothing too much to get uptight about (as would likely be the case with the majority of other lenders)?

If so, you will be in for a surprise when you start researching!

Not that what MX are doing is right, but if I had any of their products, I would make sure my half of the bargain was squeaky-clean to give them as little ammo as possible.

Joan Keeley

17:21 PM, 8th August 2016, About 6 years ago

Unfortunately you are one of literally thousands of people who have been brought down not only by MX but by many other banks (including mine) who are using TOTALLY UNREGULATED LPA Receivers to do their dirty work.

My advice is to apply to court to sell the property yourself that is in LPA Receivership and to either re mortgage the other one or sell that as well ASAP.

Trust me......you won't beat them. Get out of the situation as soon as you can. It's the only way.

Major John

17:14 PM, 13th August 2016, About 6 years ago

Mortgage Express did the same to me (I realised too late as mail had not been forwarded). When I found out I wrote long explanatory letters and spent many futile hours on the phone trying to find out why they were being so unreasonable. In the end I offered them TEN times the arrears to back off. They refused and repossessed - which makes clear it isn't about the money. They are under orders to close and terminate their mortgage book and have become increasingly aggressive at finding any excuse to shut you down. You have my sympathies but alas in your position, and unless you can find another mortgage pronto, I wouldn't hold out much hope.

Luke P

21:02 PM, 13th August 2016, About 6 years ago

Reply to the comment left by "Major John" at "13/08/2016 - 17:14":

Essentially, you gave them the excuse...by having arrears.

With a MX loan you need to do absolutely everything on your part to the letter.


17:26 PM, 14th August 2016, About 6 years ago

Arrears are over 5 months' worth of mortgage payments. I do not think it can be a surprise that they are seeking possession.

You did not explain why you were in arrears in the first place, but it sounds as though the property was being let throughout.

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