Nara The Association Of Property And Fixed Charge Receivers

For all the latest publications, use our "Learn more..." button above. Nara is the industry trade association for fixed charge and Law of Property Act receivers. We provide technical support and training to those who work in our field and uphold our Code of Practice. Our broad membership spans the surveying, legal and lending sectors. Our commitment to achieving the highest industry standards means we run an extensive programme of accredited training and CPD courses. Mortgage lenders and other organisations appointing Nara receivers can be assured they are dealing with the country’s best qualified professionals. Nara also performs a vital role to promote and represent our members to Government, banks and trade bodies. Over the years, we’ve successfully effected change through liaison and lobbying on matters including taxation and regulation. More Nara facts: • Our flagship speaker and networking event, held in London each Spring, features a series of renowned experts in property, economics and politics. • Other Nara membership benefits include: access to Guidance Notes library, Practice Statements and professional support helpline; notifications of legislative changes, e-news and networking events; listing on the Nara website and in the Membership directory; use of Nara logo. *Why appoint a fixed charge receiver? A fixed charge receiver – also known as an LPA receiver, in reference to the Law of Property Act 1925 – is appointed by a lender to recover money loaned to a borrower, usually by way of a mortgage, and which is secured on either real property or other fixed assets. The appointment is made by the lender when the borrower is in default of the loan terms. The process under a fixed charge receiver can be a quicker, simpler and more cost-effective way to secure recovery of the loan than the alternative borrower insolvency routes. #lending #receivership #commercialproperty #insolvency #propertylaw #debtrecovery