appointment of receiver to buy to let property

[HP Broderick]

help! the bank tells me they are appointing a receiver to my rental property what do i need to do? should i get a solicitor? would I be better declaring bankruptacy?

 

[Brendan Burgess]

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But, in summary, going bankrupt won't help you much. The mortgage agreement allows the lender to appoint a receiver to the property. The lender will take control over the property, whether you are bankrupt or not.

Brendan

 

[HP Broderick]

You will have to complete this information to get a meaningful answer

Information required for mortgage arrears and negative equity questions


But, in summary, going bankrupt won't help you much. The mortgage agreement allows the lender to appoint a receiver to the property. The lender will take control over the property, whether you are bankrupt or not

Brendan

 

[Fin Crusader]

Which bank is appointing a receiver, this make a huge difference on the action you should take.