We are portfolio company and we are trying to work closely with those affected by LPA recievers. We are meeting with three MP's and a highly successful barrister this week, hopefully some leglislation will be passed to stop what is happening. If you would like to get involved then please call us on 0330 9995050 (pressing option 4). If your BTL are being taken when a tenant could cover the rent then I just dont understand? Look forward to hearing from you.
It is becoming far too common for this scenario to happen. Ultimately the LPA is in complete control and the letting agent if you were to pay the rent to them should forward the monies to the LPA. If you are worried, we would be more than happy for you to contact us on 0330 9995050 (pressing option 4) for further information.