good news. will post soon.

we've got a good while before twelve months is up. gosh i hope this doesnt drag on til then but keen to help bring this nonsence to an end whether we win our case or not! either that or i'm selling my soul, becoming a receiver and earning back my livelihood!!!

thanks patrick. will do. are there ANY success stories on CAG re lpa receivers, i wonder???

interesting point!!

hi chill...the problem is that when it goes onto the mortgage it just kind of sits there (ie doesnt get reflected in the monthly payment)...i think anyway but they are not very clear on it. how are you getting on with your case (pm if you prefer), as sounds like we are kind of in same situation.

Had anyone had any advice from FSA or solicitors on the matter of overpayments made? ie where the monies paid over by receivers are in excess of the monthly payment? we've been told this is added to capital (so doesnt help with the next months payment)...but does not actually reduce your capital....so in effect you are continuing to pay interest on monies already held by ME....cant see how this one is legal even under the act!

hi everyone. chillinlong we sound like in the same boat. mx nice cop, receivers bad cop and we're no further forward. Gosh i hope we can resolve this swiftly as mine is waining!

Does anyone know what the proper procedure for selling the properties should be by the receivers?

a few weeks, but we made substantial payments during that time.

thanks patrick. it hasnt happened to us yet but we are trying to figure if we should/can afford to keep paying our mortgage even with receivers in place.

Has anyone had experience of rents being collected by receivers but not passed to ME?

hi patrick, re your thoughts outloud above...my instant thought on the deposit situation is that its still the landlords problem. if your letting agent fails to hand over the deposit, and goes under, the liability is still on the LL to repay tenant so i would imagine same in this case. i guess the tenant would have no claim for it (unless they claimed from the LL) and we'd be told to go after the receivers (easier said than done!).

the call recorder is a good idea. will look into it. i can see how so many people on this site have simply not got the energy anymore to fight this and roll over...but at the moment we are (not hopeful!) but full of fight! As said very keen after all this to help in stopping this situation. It seems ridiculous that becuase we are nasty profiteering landlords we seem to lose our rights as consumers, even people and this un-regulated nonsence can occur.

should we get proper MRICS valuations (as opposed to the receivers getting estate agent market appraisals)...or do you think some independent market appraisals would be enough (obviously the former is expensive and we've already had to instruct a lawyer on this all!)

thanks patrick. very helpful. sent you a PM (hopefully)

....i just feel like all the 'advice' we are being given by LPA and ME which sounds to be helping us, is actually an evil plot to get us even further into trouble and they are there chortling, stroking white cats on their laps!

Hi, sorry diddle not dure why pm didnt come through. We are going down all the proper channels but the problem we have is right now! ME are saying it would be better if we hold off the valuations so they can sort the situation, but receivers are saying no decisions would be made until the figures are in. It seems they want us to jsut do nothing and stop calling them, updating them but obviously this is far too serious to do that! any advice on what to do in these early stages appreciated!

thanks diddled, have sent you a PM.

Hello, I am new to this site and situation and am horrified to hear the stories about ME! We have just found ourselves up the creek with them and will take any advice offered! I am also so flabbergasted by the fact these situations can occur, once this over, would like to help to stop this practice of LPA receivers ruining peopls lives! Our story - happily working away in the BTL business for ten years. ME took over a number of mortgages from another lender a few years ago. At the time we had historic arrears that the initial lender was happy with. We continued to make repayments, keeping the historic arrears (some under 2 months in arrears!). Recently ME became not happy with this as we entered into a payment plan which unfortunately we broke but continued to make payments to the level we could. Lots of phone calls later (amounting to harrassment) which we did not repsond to fully....( we did try but when they phone every day, its hard!). A few weeks ago we had a letter warning of LPA...we instantly made some much larger payments. LPA's subsequently still instructed across the board. We had just arrived at a situation to pay off all the arrears so did so........but as will be unsurprising to many of you, LPAs were not called off. So as at today, we are trying to be 'compliant' (which just seems to mean nice!) and proving we wont end up in this situation again, providing all information asked of us...(we dont have any arrears now) ME are assessing the situation and the LPAs are supposed to be leaving alone for now.......but they are pushing on frantically racking up costs and ruining our relationship with our tenants. Also half of our properties werent two months in arrears when LPA were instructed which we thought could easily be rectified but this is also being assessed!! We do have a solicitor but are worried about being too aggressive (as this whole situation seems to be based on free will of ME). Any thoughts hugely appreciated and as said, i'm very keen to stop this LPA abuse/nonsense altogether.