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Archive for January 2016

REPUBLIC OF IRELAND BANKRUTCY CHANGES – ABOUT TIME!

Personal Bankruptcy

Bell & Company have commented regularly on Personal Bankruptcy in Northern Ireland. It can prove to be a useful tool for borrowers whose debts are so significant that there is no route to negotiate with lenders. Providing the Client’s circumstances align, Personal Bankruptcy can “clear the decks” and the individual can start again. We regularly…

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Mortgage Shortfall

property debt issues

Property Payments This case proved difficult. It was a father and son relationship, the Father acted as a guarantor for the son on the mortgage. The son could not maintain the property payments and the property was ultimately repossessed and sold in possession by the Bank.   The father and son where pursued for the…

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Spanish Property Debt

Negative Equity

Spanish Mortgage A couple met us under severe stress. They had not paid their Spanish Mortgage for 3 years and the Spanish lender had therefore placed a charge on their home in England. The property was in Negative Equity. We were appointed and dealt with the orderly disposal of the property, the negative equity balance…

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IRISH PROPERTY MARKET OVERVIEW AND RECENT SETTLEMENT

property

We have all seen the headlines in the past summarising Ireland’s economic demise, headlines read “Fall of the Celtic Tiger” and “Europe’s Austerity Experiment”. However, despite times of hardship Ireland’s economy is turning a corner and over 2014 and 2015 we saw positive economic growth and also the return of increasing house prices. In 2014…

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European Property Debt- Settled- Savings of €315,000

Personal Guarantee

A couple were going through an acrimonious divorce. Both had very high incomes and an unencumbered property each back in the UK. They had a troublesome Spanish Villa which was c€300,000 in Negative Equity. This was their one remaining joint asset and the couple would not liaise directly with each other to resolve the matter.…

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IS LONDON NEXT TO GO?

London

London is an incredibly diverse city and is proving a very desirable place for people to purchase a property. However, prices continue to soar in the city and suburbs which has led to Chancellor George Osbourne being put under pressure to present ideas allowing first-time buyers and those not on a high-end salary to get…

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HAPPY NEW YEAR FROM BELL & COMPANY

2016

We are back at Bell & Company HQ on Rosemary Street and geared up for a fantastic 2016. From all of the team here we sincerely wish everyone a Happy New Year and hope that 2016 will be a successful and prosperous year for you. From our stand point 2016 looks incredibly exciting. We have…

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UK Mortgage Shortfall settled – £54,000 Saved

Buy to let properties

UK Mortgage Shortfall Our client was a Polish national who moved to Co Down area for an excellent job opportunity back in 2008. Given it was his long term intention to reside in the property for some time our client purchased a property at the peak of the market with little knowledge of the impending…

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