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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.
If you find yourself facing issues surrounding property debt, feel free to Contact Us.
Our team will endeavour to answer your queries within a few hours of receiving your inquiry. If your query is of an urgent nature you can call our office directly on 02895 217 373 or speak to a member of our team via live chat. We are proud to offer each of our clients an initial no obligation, free consultation.