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LPA receivers


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Hi

 

Does anyone have any idea (or experience) as to whether LPA receivers have ever been sucessfully challanged regarding their mis-management of properties once they have been instructed by a lender?

The only case we can find is that a judge ruled that a receiver, who had taken over management of a pig farm, should not have bought the expensive pig feed but should have continued using the same feed as the farmer had been using.

 

We would really like to hear of other peoples experiences as we are finding them an absolute nightmare and feel that they are doing their upmost to 'break us'. When we've complained to the lender we are told that the receivers are 'our' agents.

They seem to be a law unto themselves and answerable to no-one.

 

Thanks

 

Mungos mum

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