Case Example: In this case the LPA receivers were appointed over a portfolio of 55 properties following the borrowers’ default on the mortgage. The borrowers alleged that they had an agreement with the bank that the receivership would be terminated if they cleared...

A mortgage by deed, and there might have been, for example, difficulties with the execution of the deed. So may simply run it as a simple contract in which case session one and 1 may not be available to you. Secondly, mortgage money has to be due and that can be an...

What are the proceedings when it comes to Mortgages? Repossession proceedings against a mortgage or proceedings must be in the LPA receiver's name. In that case one of the difficulties was it effectively being brought to the claim by the mortgage or acting by the...

Mortgage money has to be due and that can be an issue unless of course the deed itself or the instrument itself simply gives a more wide power to excise power cells without the need for money to be due. It's. Also in section 103 there are further issues which are...

Hello and good morning and welcome to this Blog on mortgages and LPA receivers and some important issues that arose from a number of elements in the recent case law. We specialise in property disputes and in finding resolutions for these problems. First of all,...

We've got over 200 solicitors now which can attend court within 24 hours anywhere in the country to make sure that you're represented. If there's hearing tomorrow, anywhere in the country during the week, then we do have the ability to attend and actually represent...

Just to give you a better background. Lakhi Singh The property fixer. I've been in the industry now for about 30 years and during my time, actually the last crash, we've seen a lot of companies, individuals that have had problems with receivers or losing their...

So again, you have to present all the information to us, and then we will make a decision as to really how you would go about dealing with this situation and finding a solution to it. Now, this may sound like quite a straightforward process, but it's a very high...

There are lots of videos to sort of set you straight about what services we provide, how we can repair your credit file. Quite a lot of information out there for you. Okay, so what else is on the Internet when we type these things in there's another company called...

They would do and what they wouldn't do. Other questions around real estate. So who can appoint the receiver? Another question they asked. There are quite a lot of mixed answers, actually on the Internet, I just want to cover one of them to make sure that there's...

How do LPA & Fixed charge receivership services work? what is a fixed charge receiver or an LPA receiver? So a fixed charge receiver or an LPA receiver acts under the Law of Property Act 1925, which I'm sure I've covered quite a few times now. So basically they...

Construction material, wood, plastics, steel, concrete, these type of things, they are certain commodities are certain things that building materials are very, very expensive now. So that's actually putting up a lot of the prices up for properties way beyond what...

If you've got end of term issues with some of your products, that's critical that you look at those if you've got negative equity issues with one of your properties in your portfolio, but not sure how to handle it, or you've got quite a large level of negative...

Another topic around repossession is negative equity. Believe it or not, we are actually the leading specialist in writing off negative equity in the country. So if you do have a portfolio which is negative equity, you can't sell it. I think there are still pockets...

Fair mortgage terms. So we got a lot of special skills and actually dealing with these types of situations, but a lot of people don't understand them. The other question that's quite common about what the banks don't tell you is, did you know that? Two months is...

What happens if you have defaulted your mortgage terms? So first of all, if a homeowner is in default or has a problem with their mortgage, they can't pay up or they've got they've broken some term in their conditions of their mortgage that the banks are happy...

What Is Repossession? In repossession, a bank or leasing company takes a vehicle away from a borrower who is behind on payments, often without warning. Lenders might send a driver to collect the car, or they may take it away with a tow truck. In some cases, lenders...

Why is an LPA receiver appointed? The act of appointing an LPA receiver enables the lender to exercise a degree of control over a secured asset whilst keeping its distance from the risks and responsibilities associated with it. Examples include business rates on...

What are an LPA Receiver’s powers when appointed? If the claim for possession had been brought by the Client, the Court would adjourn or dismiss the claim if the arrears are paid in full or suspend any order for possession on terms if the arrears are to be paid by...

Can an LPA Receiver be prevented from selling a Secured Property? When a borrower falls into arrears, the mortgage lender has a number of enforcement options available. Usually it will make formal demand for repayment of the whole sum secured then, if the arrears...

How do I stop a repossession order? You can stop a repossession order at any time, nearly up until eviction day. No matter how you go about stopping a repossession order, you must sort out how you would like to deal with your mortgage problems. At the very least,...

The key brands that we have are Immediate Bank Claims which specializes in stopping repossession. So we deal with N244 applications, we help with the mortgage arrears type problems, Evictions and LPA receivers issues also. We help with anything to do with defaults...

So what is it Lakhi Singh the property fixer can do in helping you to deal with any problems related to stopping LPA receivers? So the primary thing that we can do is number one, we are able to assist in dealing with a very complex situations. We welcome all kinds...

Today's topic is stopping repossession how we can help you stop repossession. So I've got quite a few notes to share with you, actually. So there's a lot of valuable information that we're going to be able to partake today and give to you about stopping receivers....

Looking at the topic of what is the difference between home repossession and LPA receivers, how many clients have we helped? Over the past year, properties being subject to LPA receivership have been on the rise since COVID-19 restrictions are being lifted. A lot...

If the bank is lending you money, don't they have the right to be that aggressive?  Technically, you could sort of say, yes, they've got the rights, because if you've signed up to something, then there's an old sort of thing as a buyer beware, which applies to...

So there's a lot of normality’s in terms of the way the valuation is done, and that in itself is actually a major issue because surveyor may go in and just value the property down just because they know that it's contentious. And if there's an issue, the property...

There's been a trust deficit between the customers and the banks are on the groups out there claiming to take the bank to court on group litigation. Has this affected people's perception about the banks? There most definitely is a trust deficit. Otherwise, the only...

Did you know that the bank may just stop any sort of repossession hearings in the future if they're happy with the plan? If they're not happy and they think the likelihood that you're not going to be able to pay off the arrears or settle the debt, they may put you...

People who understand what the law Property Act 1925 is will recognize the LPA receiver once appointed have the authority to take control of the assets. There are fundamental differences between how an LPA receiver repossesses and how the bank will take you to...

Moving on to the topic for today, which is ‘What's the difference between home repossession and the appointment of an LPA receiver’? So it's very important to understand how a lot of people who have been affected by sometimes very shocked and bewildered. There is a...

When it comes to the Law of Property Act 1925, we have the knowledge experience and expertise. We have taken thousands of properties over the line to help those buyers or that borrower to ensure that they succeed in what they're trying to achieve. We can solicit...

Is it a good idea to find that there are properties in your neighborhood or within your circle of friends that have been repossessed by LPA receivers, would it be a good idea if you attempt to liaise with the LPA receivers yourself? This may not be a good idea as...

Is buying properties from the hands of LPA receivers worth the risk? Let’s say you do get a good deal from an LPA receiver. Aren't you going to be so what, motivated or sweetened, as they say to at least buy some of the properties if you're getting a good discount?...

Can LPA receivers act unlawfully and are they sometimes immoral? When the agent takes over, then I think they're somewhat misguided in terms of what they think they can do. When I agree to that point, misguided LPA receivers, they do lots of things which are out of...

The fact that an LPA receiver can be appointed, but it's not always a must that an LPA receiver has a right of sale. So this is a very important point and so the question is, where do you find that out? Well, it's a very complicated question, but it's definitely a...

What do you find comes more naturally to you? Are you more of a waterfall person or a rapid? It all depends on the project and what you're trying to achieve. So I think if you're looking for innovation, innovation can occur in both sets, sometimes being more...

The topic for today is about risk and the risk is can you actually buy properties from an LPA receiver? If you're buying the property from the LPA Receivers, is it legitimate that's the first concern? Are you actually buying from somebody who has the right to sell...

To summarize, if you're facing any sort of issue with LPA receivers, we are here to help. In fact, we also can write of negative equity debt. We've got the ability to put people into an IVA and then negotiate the debt for them and get all their debts written off...

I'm going to give you some case studies or some work we've done, which actually will give a three dimensional understanding of what we do, how the seller benefits, how you can benefit, how we benefit as well in terms of fees we charge to pay for our offices and our...

So we covered stopping repossessions if you're a homeowner and how it could benefit you. We have also covered stopping repossession if you own unregulated property, commercial property Buy to Let, Offices, industrial parks,etc and how LPA receivers work. What's...

Some homeowners may not have a choice because if they don't sell their property as there is a possibility that they will end up losing it to the Bailiffs take possession of the property evicting any occupants of the property and the bank will sell it and they'll...

So first, we are going to cover a lot of the litigation side. So, all the topics I'm going to cover is number one is litigation, stopping repossessions, LPA receivers, negative equity which fall under legal problems. There are two types of repossession. One is for...

As a company, we pride ourselves to be helping people in the market. From an economic point of view, what we're doing as a company could be very beneficial as a holistic solution to a lot of property investors and their portfolios. . We also, look into potential...

The topic is how to buy a multimillion pound property portfolio from LPA receivers. Understand that it's a very hot topic at the moment because there's a lot going on behind the scenes with the LPA receivers, which a lot of people don't know about. What do we do...

We are looking to fight the LPA receivers who are appointed by the bank to make sure that the client can take back control of their property. So we use a number of strategies combat the appointment of LPA receivers. One way we would look to assist you in a...

What is this Law of Property Act 1925? Why was the Law of Property Act 1925 created? Was the law created for property owners or for the bank? So the Law of Property at 1925 has been set up primarily to protect the interests of the bank as it allows a bank if...

In the circumstances where you've let out the property, not letting the insurance company know or the lender know would mean that you would have to pay out for any damages, repairs that come out from a fire, Flood, etc. from your own pocket. If you're not insured,...

If a property is a Buy to Let or any other commercial property such as an office space, industrial unit piece of speculative land, anything for commercial gain, then the Law of Property Act 1925 is usually part of the terms and conditions of that contract, so it's...

So winning is only good if all parties end up win something good. Yes or no? That's right. I think relative based upon interpretation by the person. If we look at it neutrally, we're stepping aside from ourselves and saying when you pay, you're only going to play....

It's a bit of a of a new topic and a bit of an interesting topic because I think a lot of people are aware of the Law Of Property Act 1925 act or an LPA receiver. Yes. Yes, It can. Very long answer. Very complicated answer. So I'm going to ask you another question....

If you come across any homeowners that wanted to sell, just let us know. That's how we got to acquire one of our properties directly from a developer again, through someone that we know. That's a good way as we can negotiate. We were able to come to some kind of...

The Law of Property Act 1925 was all about making it easier to buy sell and otherwise transfer land and property from one person to another. It's best known for having introduced many of the core principles of conveyancing, and remains at the heart of modern...

So as an example, a lot of landlords well, I would say majority of landlords are unaware of what the Landlord the property act 1925 actually is that even exists. So that's the first point, because it's actually a little known a point that's written in any contract...