Receivership
We act for lenders as Fixed Charge (Law of Property Act) Receivers, managing and realising assets to secure the best possible outcome.
Our team has extensive experience handling complex appointments across residential and commercial sectors, balancing lender objectives with compliance and duty of care to borrowers.
What is a Fixed Charge Receivership?
A Fixed Charge Receivership is a legal remedy that allows a lender to take control of a property when a borrower defaults on their loan obligations. The process originates from the Law of Property Act 1925 (s101), which gives a lender the power to appoint a Receiver to act on its behalf.
In modern practice, most appointments are made under both the lender’s fixed charge (mortgage) and the powers afforded by the Act. The Receiver acts as an agent for the borrower (mortgagor) but has a primary duty of care to the lender (mortgagee) to act properly and secure the best achievable price at the point of sale.
Our Approach
Pantera Property manages the entire process from appointment to disposal, ensuring full regulatory compliance and open communication throughout.
Typical steps include:
• Securing and inspecting the property
• Arranging insurance and compliance checks
• Coordinating valuation and marketing strategies
• Managing lettings, rent collection, or vacant possession
• Overseeing sale and reporting to the lender
We are fully aware of the FCA’s requirement for the fair treatment of customers (TCF) and work with our secured lender clients to ensure this is reflected in every instruction.
Clients / Sectors
We accept Fixed Charge and Law of Property Act Receiverships from:
• Building societies
• Challenger and alternative lenders
• Private individuals and investors
Colin Fell is an Associate of the NARA (Association of Property Fixed Charge Receivers) and was formerly Head of JLL in the North of England.
Contact
For advice on receivership appointments or recovery strategy, please contact Pantera Property on 0330 118 6610 or [email protected]