Receiverships are often used where defaults are under Buy-to-Let mortgages where there is a lawful tenant occupying a property, which makes repossession inappropriate. It’s our job to find a careful balance for everyone involved, so we’re always protecting the interests of lenders, making sure tenants are treated fairly and helping the defaulting borrower find the most appropriate solution for their individual situation.
We work hard to take control of difficult situations and pay attention to the individual details of every case to pinpoint the most efficient and effective disposal strategy. For us, Treating Customers Fairly means acting thoughtfully, being cautious and behaving sensitively. We’ll make recommendations and offer advice to support our points of view and we’ll always consider the current market conditions as part of every case assessment.