SERVICES
LPA Receivership
Waterfold Asset Management act as LPA Receiver for a number of specialist and high street lenders throughout the UK.
We receive initial instructions on both an arrears and full exit basis with the ability to transition between these options as the case develops. Our Collections and Asset Sales teams work closely on every case to provide continuity in communication with the Client and borrower.
Our modern case management system allows both teams to work concurrently on individual cases and across clients and borrowers ensuring efficient management and clarity of reporting. Our processes optimise how each case is dealt with delivering resolution quickly and effectively.
All appointments include:
- Appointment legally validated within 24 hours
- Appointment accepted by named LPA Receivers within 24 hours
- Collections process commenced on day of acceptance
- Initial strategy report on day 5 or 10
- Updated strategy reports as required
- Property visit, occupancy check, independent valuations
- Securing property, tenancy management, rent collection as required
- Full management of auction or traditional agency sale
In addition, access to in-house surveying, property management and legal teams is standard providing the capability to deal with any issues immediately as they arise.
