LPA Receivers

The principal reason for appointing an LPA receiver is to recover value when repayments of loans secured against property are not maintained.

Appointment of an LPA Receiver often provides a quicker and more efficient route than other methods to resolve the problem and secure recovery.

Although a variety of disciplines offer LPA services the appointment of property specialists can have distinct advantages.

At Gerver Freedman we offer a comprehensive LPA package which leverages our detailed knowledge of the London property market, communication skills and direct approach to business matters.

We recognize the essential need to understand the matter in full; deal with the people involved as well as the property and make quick and efficient progress towards ensuring the best is made of the property.

Short Term Procedures

When acting as LPA Receiver in England and Wales, our first priority is to preserve the property we have been appointed to manage. Where vacant, we ensure the property is insured, secure and all services switched off and drained down.

If tenanted and income producing, we adopt the role of landlord and preserve the income stream. Whatever the status, our primary aim is to maximize the potential of the property.

Recovery Strategy

In the longer term we work achieve a position where the property owner is benefitting from the value of their property In the longer term we work achieve a position where the property owner is benefitting from the value of their property in full.

Depending upon circumstances, market conditions, owners' preferences and the exact terms of the mortgage we may arrange an immediate sale, consider development opportunities or simply seek viable tenants.