We have professional surveyors in London who are members of The Association of Property Fixed Charges Receivers (NARA). Surveyors employed by or who are consultants to Davis Brown are often appointed by banks to act as LPA Property Receivers which are different from Administrators.
The LPA Receiver is appointed under the terms of a fixed charge or mortgage deed. The Receiver is generally the agent of the borrower and powers extend to inter alia collection of rent, securing/repairing/insuring the property, organising the letting and/or sale and repaying any surplus to the borrower after fulfilment of the loan.
Please contact Tony How or Kevin Usher on 020 7637 1066 for further information.