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LPA Receiverships

Fixed Charge Property LPA Receiverships

The Eddisons Valuation Services team have created a ‘National Centre of Excellence’ in the provision of Banking and Corporate Insolvency Advice to the UK Banking Recoveries Sector. Its fundamental role is to act as Law of Property Act (Fixed Charge) Receivers and provide insolvency support to insolvency practitioners.

What is LPA Receivership?

The Law of Property Act or Fixed Charge Receivership, most commonly known as an LPA Receivership, is a term which has grown increasingly common in recent years. Although this is by no means a new device, it has gained prominence since the economic downturn began and looks set to continue in this vein.

An LPA Receivership is a tool that can help the lender to recover their debt on an underperforming property loan. An LPA Receiver is appointed to take charge of a mortgaged property to recover the debt owed to the lender, usually by selling the property or collecting rental income.


Our Team
Our Valuation Services team are located across our UK office network and controlled by three ‘key centre’ service groups headed by director level experienced Chartered Surveyors:

Appointments in the North are led by Paul Greenhalgh, Anthony Spencer and Richard Roe, appointments in the Midlands are led by Rachel Hull and Anthony Spencer and in the South appointments are led by Nick Gill, James Liddiment and Anthony Spencer.

This management group covers the whole of the UK and leads all LPA appointments whilst overseeing the operations and quality control of over 30 professionals within our broader insolvency team that are relied upon by lenders and professional advisors to provide localised LPA support.

As Fixed Charge Property Receivers, we are appointed by banks, building societies, financial institutions and other lenders who have secured their loans by a legal charge (mortgage) on a property. The powers of the appointed receiver in each case are set out in the mortgage deed (legal charge) and, to an extent, in the Law of Property Act 1925.

Our Approach

As insolvency support specialists, the Eddisons Valuation Services team advise insolvency practitioners and provide a joined-up solution to distressed scenarios involving property and company-related assets. We draw upon the wide range of services provided by other departments within Eddisons, enabling us to deliver an integrated approach.

  • Over 10,000 Fixed Charge Receivership appointments since the start of the recession
  • Longstanding experience of business support and recovery situations
  • One of the largest receivership teams in the UK, with tried and tested support functions
  • The backing of a national, multi-disciplinary surveying practice with functions such as auctions and commercial property management
  • Developed “added value” insolvency insurance products with AON
  • Involvement as Fixed Charge Receiver’s in every recession since 1970
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Increased asset value to protect bank exposure

James Liddiment
Director, Valuations

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