2016 has started brilliantly at Bell & Company with some excellent deals by both our Corporate and Resolution teams.


The Resolution team work to assist borrowers with regulated Mortgage Debt and in particular those who have fallen foul of Negative Equity. You may have read in a recent post that the team assisted a Borrowers achieve an excellent settlement in Republic of Ireland with a core lender there. The team has also concluded Full & Final Settlements with UK lenders who had security over property in Northern Ireland. A brief summary is provided on a couple of examples below:



  • A couple approached Bell & Company as they needed to move to a larger property to accommodate their growing family. Unfortunately, the property was in negative equity however, Bell & Company successful negotiated a consensual open market sale of the property. Following the sale the couple where liable for a shortfall of £56,000 and this was settled on a Full and Final Basis for £5,500.
  • Bell & Company recently assisted two business partners who purchased a Buy to Let Property together in 2007. Unfortunately, the property was unable to let out and the gentlemen fell behind on mortgage payments, this problem was worsened given the property was in Negative Equity. The lender repossessed the property and sold it causing the property to be sold less than its market value which increased losses for all parties. Following the sale there was a shortfall of £102,000 and this was settled on a Full & Final basis for £8,500.

The Corporate department too has been busy finalising excellent settlements for clients. Some examples include:

  • A Bank sold a loan to a third party agent and the client was being pursued for c£4.7mn. A Full and Final Settlement was agreed with the third party for £3.3mn which represented a saving for our client of c£1.4mn
  • A client was liable for c£550,000 outstanding to a core Northern Irish lending institution. Bell & Company undertook negotiations on the client’s behalf and through successful meetings and financial presentation the balance was settled on a Full & Final Settlement basis for £30,000. This represented a saving of £520,000 for our client.

As we continue into February both departments are working tirelessly to complete further settlements for our clients.

Should you or anyone you know wish to discuss either a Corporate Banking Debt or Negative Equity Property issue then please call the office today on +44 (0) 2895 217373 to arrange your free initial consultation. You could benefit from the results above and eradicate your debt burden.

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