Yes, Mortgage Express
It seems to be the week for it. The questionhas cropped up loads of times this week. It is probably Dryden's solicitors whoare dealing with this and they have thousands of these. MX are trying tooffload their book because they have a lot of toxic debt and they are usingevery trick in the book to get rid of these cases.
Unfortunately, you shot yourself in the foot withregard to their fees.
It would have been easier to pay their feeand then rely on their agreement to return the property to you than argue thetoss and end up in the situation that you are now in.
Once the property is in hand of LPA receivers,it is virtually impossible to get it back, unless the lender consents. Thereason is that if the property were handed back to you, it can fall intoarrears again if the market changes or you no longer have the tenant. It wouldalmost be like a lender lending tenant with a poor history of payment, moremoney. They simply do not do it.
There are tens of thousands of landlords inthe same situation as you are in, and there is no magic solution. It might beworthwhile subscribing to this forum because you may get some ideas http://www.property-forum.co.uk/
You would need an expensive court action andsome proof that the lenders were acting or the receivers were acting illegally.
It is not going to be an easy battle
I'm sorry I cannot give you a definitiveanswer to this, but I am afraid that there is not one. Can I help further?
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