£105,000 saving achieved for family of 4

By on June 21st, 2018


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When we first were instructed on this client’s case, their family home was up for repossession. This was an extremely vulnerable time for the family unit and they were left with a crystallised shortfall of £115,000.

In this instance, the best option for the family was to opt for a consensual sale. When the lender agreed, our clients were able to offer £10,000 in full and final settlement of £105,000, 8% of the debt. The lender was extremely cooperative as over the years we have developed a strong and stable business relationship and mutual respect.

The family were elated to have a full and final settlement and the ability to move on with their lives.

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