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Catch'em if you can

By: Language: English Series: Estates Gazette ; (0608) 25 February 2006, 166-167(2)Publication details: 2006Subject(s): Summary: Considers what LPA receivers really do. LPA receivers are appointed under the Law of Property Act 1925 by lenders to recover their money secured against a property, money which they have not been able to get back for whatever reason. Discusses why the current market is ripe for increased LPA work: yields cannot reduce any further; in the existing conditions there are many situations where there is actually a surplus to be handed back to the customer, and the impact of the Enterprise Act 2002 is yet to be fully felt.

Considers what LPA receivers really do. LPA receivers are appointed under the Law of Property Act 1925 by lenders to recover their money secured against a property, money which they have not been able to get back for whatever reason. Discusses why the current market is ripe for increased LPA work: yields cannot reduce any further; in the existing conditions there are many situations where there is actually a surplus to be handed back to the customer, and the impact of the Enterprise Act 2002 is yet to be fully felt.