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Member said: Posted on: 18/11/2009 00:00

I think I read somewhere on this forum that tenants can opt to pay mortgage company direct and am looking for some clarification.

When a serious set of tenant arrears led to mortgage arrears, the mortgage company appointed LPA receivers who have turned out to be useless.

Can the new tenants pay mortgage company direct and thus not have to me "managed" by an agent that is useless?

Furthermore, since the LPA receivers failed in both collecting rents and succesfully renting the property can they be sued for financial compensation to recover losses directly attributable to their incompetence (or negligence possibly motivated, as another bank manager suggested, by their desire to sell the property cheaply to a friend)

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