Mortgage debt settlement at 4%

Mortgage debt settlement at 4%

An older gentleman had come to us with a second property that had fallen into disrepair. He had an interest only mortgage where the term had come to an end. Our client was being pursued full repayment of the facility as per his terms and conditions, however, given his age and a slowdown in his agriculture business, he was not in a position to meet the repayment terms.

In this case, the lending institution was extremely sympathetic to our client’s circumstances. He did not have the capability to offer a lump sum payment initially, so he entered into a payment plan of a small amount each month. He continued these payments for almost a year, before being offered a case review from the lender. At this stage, our client had gathered enough funds to offer as a full and final settlement.

Due to the cooperation with the lender, along with our team’s continuing strong relationship with the bank and negotiations, a full and final settlement was reached at 4% of the outstanding debt.

This saving enabled our client to get his life back and live the rest of his life with peace of mind his debt wouldn’t be a burden.


If this sounds like a situation which you may be in, visit our negative equity page and see how we can help you today. Alternatively, call us on 02895 217373 or speak to us via our live chat.


For more success stories regarding property debt see:

Back to Blog

Free Consultation

Your first consultation with us is completely free and you are under no obligation to proceed with us. However, it involves a thorough financial review and a tactical assessment of your various alternatives. We are assured you will leave the meeting with a clear understanding of your options and possible outcomes.

Specialist, Impartial Advice

Bell & Company is not allied to any financial institutions, agencies or outside bodies. This is one of our greatest strengths. It means that, unlike others, we are able to provide impartial advice that is in each client’s best interest and to operate scrupulously on their behalf, free of outside interference.

Chat iconCall us now on 0330 159 5820