LPA | Fixed-Charge Receivership

While the property recession might be over developments and property lending can still go wrong.

In these situations, often the quickest and most cost-effective route to recovering the loan is through the appointment of an LPA | Fixed-Charge Receiver who has a range of enforcement procedures available. Some appointments are inevitable, however early engagement can identify problem areas which, if addressed, turn projects around and avoid the need for a formal appointment.

Our experienced Asset Recovery advisor and  LPA Receiver, Chris Price, who is both a member of the RICS  and Non-Administrative Receivers Association (NARA) has advised lending clients through the  property recessions of the early 1990’s and 2008/9  on projects ranging from self-build housing development, let residential portfolios, to film studios.

 

LPA Receivership appointments

(Debt recovery, fixed charge)

• Development of 20 flats;  Wells, Somerset
 – on behalf of major bank

•  Management & sale of nighclub;  Swindon, Wiltshire
– on behalf of building materials supplier

•  Management & sale of 39 bed, student complex; Bristol
– on behalf of principle contractor

•  Repossession & sale by auction of HMO; Newport, Wales
– on behalf of major high street bank

•  Management & sale of film studios; Bridgend, Wales
on behalf of top 4 accountant

I have worked closely with Chris on a number of complicated law of property act receivers ships over the last 25 years where results have consistently exceeded the charge holders expectations Andrew Glynn; Senior Partner, TLT solicitors

Associations:

The Royal Association of Chartered Surveyors (RICS)
Non-Administrative Receivership Association (NARA)

 

case-study

LPA Receivership Appointment – Student Development, Bristol

LPA Receivership, on behalf of Principal Contractors, for a new 39 bedroom student complex in Bristol
A referral from Thrings solicitors, Bristol

Chris recently acted as LPA Receiver in respect of a substantial client debt incurred in the construction of student accommodation in Bristol. This was a complicated case however a full recovery was made with the Receivership being handled in a most professional manner

Mark Cullingford - Partner, Thrings LLP (Bristol)

To see how we can help recover your property debt, contact our LPA Receiver

LPA Receiver