A young couple caught up in the Recession
A young couple found themselves caught up in the Recession, financial downturn of 2007, have a look at their journey to success.
The couple had made investments into 3 rental properties across different lenders, along with having a mortgage on their own home. After the downturn in the market in 2007, they found themselves with 4 properties in negative equity.
With rental income not covering their mortgage payments for the properties. At this point, our client sought resolution consultation from Bell & Company and our trained debt strategists were able to devise a plan for moving forward.
Following attempt for resolutions for 2 properties, the couple found themselves faced with an aggressive non-cooperative lender. Through rigorous negotiations, our team, after developing a tailored strategy were able to achieve a full and final settlement at 10% of their shortfall, with savings of over £55,000! A great success for the couple, and for Bell and Company.
If you are facing any of the issues highlighted above, feel free to get in touch with one of our team here at Bell and Company. You can contact us on 02895 217373 or speak to us via our live chat.