Hi The Receivers have come back to me and given me a date they said they put my property into the auction. This happens to be the same date I had confirmation from my solicitor that my bank had given me 7 days to pay the arrears, 6 months up front and had confirmed a figure from the Receivers, so my argument with them now is, why did they still put my property into an auction when they knew I had 7 days to pay? Why would the Receivers agreement a settlement figure on that date and still proceed? My solicitor had said at the time she didn't expect them to proceed unless the funds were not forwarded within the 7 days, and only then should they proceed. I have asked for a breakdown of every invoice twice now, and asked them to justify all their fees. I asked for a line by line breakdown of what work was done, how many phone calls were made etc. and no joy. They are becoming increasingly annoyed in their responses to me but I am in the process of sending them another letter (No 3) to ask why was I charged a receivers fee of £1,000 when I have seen no evidence that my property was indeed inserted into the next auction (have asked for copy of all the legal papers on this - again nothing) and most imortantly an explanation as to why it was put in there in the first place when I had a 7 day window. I will keep badgering them but one thing I need to know is, are they obliged to send me all this information I have requested? Do you have any other advice? Thank you for the help. I need as much of it as I can get.. DUBIRE

The Receivers are Allsops LLP. They are provided me with copy invoices which details nothing, except the Invoice No and £x. I want to know exactly what work they did to justify such a large amount of money. They have also said they had provided my solicitor with the info I requested (they didn't) and so I have sent them a rather blunt letter saying I wanted details of all work done on my case and not just top line information. I have asked for them to justify this fee. I will fight all the way because I don't think these companies should be allowed to charge a "flat fee" in certain circumstances. Will also send the SAR form to them also. Thanks to all.. will let you know what they say in their next letter.

In November last year my property was entered into LPA Receivership. To cut a very long story short, I managed to negotiate with my bank through a solicitor I hired to get my property back, having to pay 6 months mortgage up front, along with “reasonable” LPA Receivership costs. These “reasonable” receivership costs totalled approx £3,000. I am currently trying to challenge the Receivers to justify these costs. I have copies of the invoices, which only detail Invoice No. x for £x amount. I have asked for a breakdown of each invoice detailing exactly what work was done to justify their flat £1,000 fee, £900 solicitors fee and £900 Residential Management fee. The whole saga lasted approx 3 weeks and there was never any management of the property and I cannot see what legal work would have been done in that space of time. I have asked for a copy of all the legal documents they may have needed to enter my property into the December auction. I had an email from the Receiver in November to say they had not yet agreed a strategy on the property and then 3 days later I paid up, but they are insisting the property was entered into Auction which is what the £1,000 flat fee is for. They are not forthcoming with any back-up information and in fact have said they have already spent a considerable amount of time on my case. Yet I am still no nearer in getting all this back up information I have asked for. Does anyone know if they are obliged to send me this information? I really think these LPA Receivers should justify their costs especially when a property is withdrawn from receivership. They have charged me as if my property went through the full process. Would it be worth my while contacting the FSA? Any advice please would be great.

I have received copies of the LPA Receiver invoices from the Receiver but all it states is their fixed fee costs. They have since said their fee is for my property being entered into the December auction. However, I had an email on the 5th Nov from the Receiver to say as at that date, they had not yet decided on a strategy for my property.. and the mortgage company received their funds on the 13th, which included the Receivers fee. So what I need to know is within a space of a week, could the Receivers have placed my property in their next Auction without me knowing and what paperwork would they have needed to compile to do so. I will be asking for evidence of this as saying the property was listed within a week with no written proof is not enough evidence I think. I have requested a copy of all 3rd party invoices about 2 weeks ago from my mortgage company but they haven't been sent to me yet. Will be chasing them today. The Receivers fixed fee was £1,000 + VAT but LPA Receiver have not provided me with any evidence that sales agents were contacted or instructed or property placed in auction; 2. We do not know what work was carried out to justify solicitors fees of £721.50 + VAT; 3. The Residential Investment Management arm of LPA Recever have charged a fixed fee of £767 + VAT, but I do not know what work was carried out to justify this fee and the list of fees provided by lpa receiver suggests that these fees should be on a time basis, rather than a fixed fee. I think I have paid the same amount to the Receiver as a person who has been through the whole process of receivership. Can anyone advise what I should do next?

Hi How can it make a difference if I paid mortgage co or LPA Receiver? How long should the LPA Receiver be allowed to have to send invoice baack up info to me? Thanks

Hi Bona.. I had to pay the mortgage company direct and they were to distribute the money which I guess they have now done. They would only lift the receivership once all funds were received, plus they only gave me 7 days to pay or my property would continue to auction...My solicitor has requested a breakdown of all invoices... yet to be received.

Can anyone advise me? I recently had an LPA Receiver appointed on my property because my mortgage company did not set up my direct debit (lost my dd form) and as its a buy to let property, I did not check the money wasn't being taken (my mistake)... However, an LPA Receiver was appointed, but as I didn't think it was fault I had fallen into arrears (had the mortgage money in my account) all they had to do was take it.. but they wouldn't. I instructed a solicitor to deal with the morgage company and receivers and as a result, I now have the property back in my control.. I had to pay 6 months mortgage up front, the arrears and approx £3k to the receivers, which is what I am hoping to fight for them to justify. From the start to end of proceedings it was 3 weeks. I have had to pay all the money up front before the mortage company would consider taking back me back as a customer. I have recently had a breakdown of the £3k: £1k for the receivers fees, even though on their letter to me it states, £500 & VAT if the account is redeemed before sales agents are instructed; £1,000 & VAT is the account is redeemed after sales agents were instructed. In this instance, no sales agents were instructed at all. They have charged me £850 for solicitors fees and disbursements and another £800 for Property Management fee and disbursements. There was no property management, no contractors entered the property etc. and nothing was changed legally on mortgage deeds etc. I cannot see what I have paid for. I have asked my solicitor to obtain a breakdown of each and every invoice detailing all the work they were supposed to have done.. Does anyone know if they are allowed to charge this much and if I can perhaps get a refund of some sort from them. Thanks