Law of Property Act receiver / LPA receiver
A receiver appointed under property security powers, commonly by a mortgage lender, to take control of and realise income or property securing a debt.
Also known as: LPA
Related terms
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Property debt
Debt connected with property, including mortgages, bridging finance, secured loans, development finance, rent arrears or property shortfalls.
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Mortgage
A loan secured against property, giving the lender rights over the property if the borrower does not meet the agreed obligations.
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Mortgagor
The borrower or property owner who grants a mortgage over property as security for a debt.
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