If my mortgage lender goes bust, who do I owe money to?

May be...

yes same agreement and everything ..usually when banks/lenders are about to go down ..they sell/transfer your loan ...no bank will leave without doing so ..because they profit by selling...aside from that ...everytime your loan gets sold u should recieve a letter stating that...telling u they are ur new lender and where u should be sending ur payment from that point on ...

To the governament or to the estate agent or to the bank

The Receiver or the Administrators will collect the payments which will be used to pay the staff there statutory payments and to the creditors of the BS

This has been asked 3 times today.

You will still owe money to the banks debtors, and you are generally advised to keep paying the mortgage as normal.

You will be advised, God forbid this happening, on how your mortgage will be affected by the debtors. It is impossible to guess how your mortgage would change because it would depend on how severe your lenders debts are, who takes over, etc.

Your contract is not void, but I won't pretend to know what happens to any fixed rates, etc - I would guess, under FSA regulations, any special rate you have would be viable until it expires (i.e. 5 year fixed, 3 year tracker rate) - what happens after that is another matter.

Just with all this banks getting it wrong it got me thinking. Take any mortgage lender, what will happen if they get it wrong and go down, and in event of nobody offering to buy them? What happens with my mortgage? Who do I owe the money to?
In event of the bank being bought, do I keep the same terms with the new owner or is the contract void?